How long does it take to have a Petty Cash Fund established?
The steps involved in setting up a Petty Cash Fund are as follows: (please note – If funds are being used to pay human subjects, the applicaton can not be processed unless accompanied by the currently approved IRB Approval Notice and the Human Consent forms.) • Department completes new “Petty Cash Fund” application (To obtain an application see prior faq or contact Patricia Romero) • Department submits application (via campus mail) to Pat Romero in General Accounting • Application is reviewed for completeness and forward to Assistant Vice Chancellor’s Office for approval • Assistant Vice Chancellor’s Office approves and returns application to General Accounting. • General Accounting inputs data for Vendor Control Key (VCK) and notifies Accounts Payable • Accounts Payable establishes VCK number and notifies General Accounting • General Accounting prepares PAC check request • Accounts Payable issues check and mails it to departmental Custodian Completion of the steps above generally take
