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y r REQUEST FOR COUNCIL CONSIDERATION <br />STAFF REPORT <br />December 13, 1993 <br />CITY COUNCIL MEETING DATE <br />Item Description: <br />PETTY CASH FHND <br />Administrators ReviewiRecommendarion: <br />. No comments to supplement this report <br />Comments attached. <br />Explanation/Summary (attach suppletnent sheets as necessary.) <br />SUNENTARY: <br />Agenda Section: 6. D <br />Repot. ,;amber. 93-1016C <br />Report Date: 12-9-93 <br />Council Action: <br />❑ Special Order of Business <br />❑ Public Hearings <br />ru Consent Agenda <br />El Council Business <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 />RECOMMENDATION: L,.o4s� <br />Donald Brager, Finhhce Director <br />Adopt Resolution No. 4448, Establishing a Petty Cash Fund <br />