30.06 Working Funds Issued: May 15, 1998
The purpose of a working fund is to provide a department transacting cash sales with the
necessary cash to give change to customers.
To establish a Working Fund, the requesting department must submit a written request with
proper justification to the Vice President for Finance and Administration (VPFA). Upon
review and approval by the VPFA, the request is forwarded to the President for final
Upon receipt of the approved request, the Manager of Treasury Services in the Fiscal
Office will require the responsible person for the fund to sign a responsibility statement
(Attachment 1) prior to issuing the fund.
4. Random Test Counts
Periodically, the Head Cashier will conduct random test counts of approved working funds
to verify that they are properly secured and that all funds are accounted for.
5. De-establishment of Fund
Departments no longer requiring the use of a working fund should contact the Manager of
Treasury Services to de-establish the fund. Departments failing to properly secure and/or
account for the fund may be required to de-establish the fund.
Contact: Manager of Treasury Services
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