Laserfiche WebLink
nior <br /> . ti"ZEN <br /> REQUEST FOR COUNCIL CONSIDERATION <br /> STAFF REPORT RepoAgenda <br /> 93-1016c <br /> Report Date: <br /> Council Action: 12-9-93 <br /> ;("�+; <br /> ❑ Special Order of Business <br /> December 13, 1993 ❑ Public Hearings <br /> CITY COUNCIL MEETING DATE ] Consent Agenda <br /> ❑ Council Business <br /> Item Description: <br /> PETTY CASH FUND <br /> Administrator's Review/Recommendation: <br /> - No comments to supplement this report <br /> - Comments attached. <br /> ---- xpaa for/ urfunary (attach-su leu�eut sheets ars-suss <br /> lnS <br /> PF+ may, — - <br /> SUMMARY; <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 $25 and that the Fund Balance of the Fund be $300. 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 /> • <br /> RECOMMENDATION: g c2 .. .,fz <br /> Donald Brager, FinUhce Director <br /> Adopt Resolution No. 4448, Establishing a Petty Cash Fund <br />