SECTION 260.259. Petty Cash Fund

(a) A program provider may maintain a petty cash fund with a portion of the personal funds maintained in the pooled checking account for the purpose of providing an individual with small amounts of cash, typically five dollars or less.

(b) A program provider must:

(1) maintain the petty cash fund in a secure place;

(2) set a dollar limit on the amount of a disbursement from the petty cash fund;

(3) reconcile the petty cash fund at least monthly;

(4) maintain a ledger of petty cash fund transactions that documents each deposit and disbursement; and

(5) include the following information in the ledger for each disbursement:

(A) name of the individual;

(B) date of the disbursement;

(C) amount of the disbursement; and

(D) signature of the individual or LAR or, if the individual or LAR is unable to sign the ledger, at least one witness.

Source Note: The provisions of this §260.259 adopted to be effective February 26, 2023, 48 TexReg 896