Petty Cash Disbursement Bylaws

Article 9: Grants, Section 5: Disbursement

... For each funded grant, the Treasurer of Troubled Times, Inc. will establish a separate account. Disbursement from this account can be either as reimbursement for expenses already paid or as prepayment for anticipated expenses. Both disbursements require receipts. Petty cash accounting will be regularly forwarded to the Treasurer, who may issue a single check to cover a number of petty cash expenses. Where the grant is over $5,000, a bonded bookkeeping service will be employed. Disbursement checks can be issued singly, for each expense, or may cover a number of expenses. In either case, itemization must be maintained so that a complete audit trail relating checks and expense items is maintained. ...