Department may receive a deposit on keys from staff or students. This money is deposited to the department's budget, but not to the revolving fund account.

When the individual returns the item, the deposit is refunded to the individual. Reimbursement of the deposit may be through a revolving fund or through a refund check request (if you deposited the deposit in a revenue account such as 9499-99).

Refunds and Rebates

Refunds or rebates from a vendor that was paid through a revolving fund may not be deposit back to the revolving fund account. The refund/rebate check must be sent to the Revolving Fund desk with an Reverse Expenditure form. The refund is not reported on the petty cash reimbursement request.