OverviewFunded BalanceOpening a Revolving Fund Increasing Your Fund Reducing Your Fund Closing Your Fund Reimbursing Your FundDocumentation Accounting Canceling, Voiding, Staledating Deposits, Refunds and Rebates Sales and Use Tax Advancing Funds to an Employee Allowable ExpensesPayments to Individuals and LLCs Subject Payments Travel Gifts, Prizes and Awards Food Custodian ResponsibilitiesFund Verifications Separation of Duties Changing Fund Information Fraud FormsContacts |
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Funded BalanceThe funded balance of a revolving fund account should be approximately two months expenses. You can temporarily increase or reduce the fund to manage spikes in activity. Once the fund is no longer needed, it should be closed.
Financial Services
A Department of Financial Management Modified: April 1, 2009 |