IMPREST FUND

INTRODUCTION
Imprest fund is a small reserve of cash kept on-site at a business location for incidental cash needs.

The essential features of an IMPREST FUND are:

 All cash distributions from the petty cash fund are documented with receipts.

 Imprest disbursement receipts are used as the basis for periodic replenishments of the
Imprest fund

 Variances between expected and actual fund balances are regularly reviewed and
investigated.

PURPOSE

The purpose of the Imprest fund Policy and Procedure is to provide the parameters under which
IMPREST FUNDS can be used for miscellaneous and business related expenditure of low value,
where payment through the accounts payable system is not justified of appropriate.

SCOPE

The Imprest cash fund policy and procedure applies to all Employees of the CAFFREY TRADING
CORP.

RESPONSIBILITIES

The custodian responsible.

 Ensuring the Imprest cash fund is secure at all time.

 Retaining acceptable supporting documentation such as receipts and Tax invoices

 Monitoring and reconciling the Imprest cash fund

 Reporting the loss of funds to the Finance Director as soon as any loss is discovered.