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REQUEST FOR COUNCIL CONSIDERATION Agenda Section: 12. <br /> liNDS <br /> STAFF REPORT Report Number: 93-698WS <br /> �VJ AGENDA SESSION DATE December 6, 1993 Report Date: 12-1-93 <br /> DISPOSITION <br /> Item Description: <br /> PETTY CASH FUND <br /> Administrator's Review/Recommendation: <br /> - No comments to supplement this report <br /> Comments attached. <br /> Explanation/Summary (attach supplement sheets as necessary.) <br /> SUMMARYz <br /> Minnesota Statutes 412 .271, Subd. 5, authorizes the establishment <br /> of a petty cash fund. The City presently has a Petty Cash Fund of <br /> $100 with a per claim limit of $10. The size of the Fund and the per <br /> claim limit have been in effect for fifteen years. Staff believes it <br /> is time to update this Resolution, and recommends that the per claim <br /> limit be $20 and that the Fund Balance of the Fund be $200. Many <br /> small items are purchased by employees with their own monies that are <br /> over $10 and they have to have a special check issued or wait until <br /> the Council approves claims at the next Council Meeting. Increasing <br /> the limit on petty cash claims would make the process of reimbursing <br /> employees for small expenses more efficient. <br /> —a6-`447 /-- <br /> EFLCzaliMEZ Donald Brager, ance Director <br /> Adopt Resolution No. 4448, Establishing a Petty Cash Fund <br />