Petty Cash

University organizational units may be provided a designated amount of cash for payment of incidental expenses of a nominal amount that require cash payment and that are not appropriately billed by invoice and paid by voucher or warrant. Petty cash shall be used for incidental expenses, study subjects (non-confidential) and health-related human subject (confidential). Such payments shall be in nominal amounts and otherwise allowable by university policy.

Change Funds

Change funds are exclusively used to make change when receiving cash (e.g., fees or fines) from the public. No expenses of any kind may be authorized from a change fund.

To establish, modify or close a petty cash or change fund:
  1. Review the听听and听CCO's The Guide sections on Petty Cash Funds or Change Funds.
  2. To establish: Complete a听听补苍诲听补听.
    To modify (including change of custodian): Complete a听Petty Cash/Change Fund Request.
    To close:听Complete a Petty Cash/Change Fund Request and a听validated .
  3. After obtaining departmental signatures, submit the completed form(s) and required documentation to pettycash@colorado.edu听for听CCO鈥檚 review and approval.

Gift Cards

Gift cards are cash-like instruments used in lieu of cash or check. Gift cards shall be used for recognitions or study subjects. Since gift cards are cash equivalents, it is important that organizational units handle and account for them appropriately.

To establish or modify a gift card program:
  1. For recognitions and study subjects, review the听听and CCO's The Guide section on Gift Cards. Additionally, for recognitions, review Recognition Programs on the Human Resources site. Depending on the circumstances, obtain the necessary approval(s).
  2. To establish/modify (including change of custodian): Complete a听.
  3. After obtaining departmental signatures, submit the completed form(s) and required documentation to pettycash@colorado.edu听for听CCO鈥檚 review and approval.
  4. To maintain a record, we encourage departments to use the 听template.

Questions or Comments?

If you have questions about petty cash, change funds or gift cards, contact听pettycash@colorado.edu.