Statute 75-3078: Same; change funds; limits; shortages, reconciliation,
reimbursement; authorized uses.
The head of any state agency
may apply to the director of accounts and
reports to establish change funds of not to exceed $5,000 of the amount
in any imprest system checking fund authorized in
accordance with law, to be maintained in the form of cash. The director
of accounts and reports may authorize any such change funds, and, except
as otherwise provided in this section, in each
case shall establish a maximum therefor of not to exceed $5,000. In
the case of each change fund authorized for a state
educational institution under the supervision and control of the state board
of regents, the director of accounts and reports shall establish a maximum
of not to exceed $40,000 for such change fund.
In addition to any other reconciliation reports
required by the director of accounts and reports, when a shortage
occurs in a change fund, the head of the state agency may submit to the
director of accounts and reports an itemized detailed reconciliation of
the change fund and the imprest system checking fund of which it is
derived. The director of accounts and reports may authorize a
reconciling entry of not to exceed $100
in any reconciliation statement for a change fund and, in cases of extraordinary losses
resulting from robbery, burglary or other disappearances infrequently
occurring, a change fund may be reimbursed by the state agency from
any appropriations available therefor,
but such reimbursements shall not exceed a total amount of $2,000 in any
fiscal year. Moneys in any change fund authorized
hereunder shall be used exclusively for the making of change in
receiving amounts due the state. No advance shall be made from any
change fund.
History: L. 1976, ch. 413, § 22; L. 1977, ch. 294, § 2;
L. 1987, ch. 334, § 3;
L. 1990, ch. 312, § 1; July 1.