Section 4-10-005 - Petty Cash Funds, All CommitteesA committee may maintain a petty cash fund out of which it may make expenditures not in excess of fifty dollars ($50) to any person in connection with a single purchase or transaction.
01. A written record of petty cash disbursements must be kept if a petty cash fund is maintained including the date and amount of payment, the name and address of the payee, and the purpose of the disbursement.02. No check shall be made payable to cash except to replenish a petty cash fund, and such check shall be drawn only upon the official committee depository.03. Contributions, loans, and other funds received in cash or by written instrument or from the disposition of in-kind contributions may not be used for petty cash. Such cash, checks, written instruments and proceeds must be deposited directly into a committee's designated depository.04. Receipts and invoices shall be obtained in connection with any purchase or transaction from a petty cash fund. Such receipts and invoices shall be preserved for five (5) years and shall be made available for inspection as authorized by the Commission.4 Neb. Admin. Code, ch. 10, § 005
Amended effective 12/9/2015.