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What steps should an agency take to close an imprest fund?

April 26, 2017agency fund imprest steps

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What steps should an agency take to close an imprest fund?

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10. An agency may close an imprest fund by liquidating the fund through the return of cash and/or uncashed checks to the agency financial office. The financial office will deposit the funds with an SF 215 (Deposit Ticket) in order to credit the agency’s Agency Location Code (ALC) number. The SF 215 deposit liquidation must also be reported by the financial office on an SF 224 (Statement of Transactions) using the “(41)” account symbol prefix for liquidation. (See Cashier’s Manual, Replenishments and Liquidations.