Human Sciences Research Council Act, 2008
R 385
Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003)RegulationsMunicipal Supply Chain Management Regulations, 2005Chapter 2: Framework for Supply Chain Management PoliciesPart 2: Acquisition management15. Petty cash purchases |
A supply chain management policy must stipulate the conditions for the procurement of goods by means of petty cash purchases referred to in regulation 12 (1)(a), which must include conditions—
| (a) | determining the terms on which a manager may delegate responsibility for petty cash to an official reporting to the manager; |
| (b) | limiting the number of petty cash purchases or the maximum amounts per month for each manager; |
| (c) | excluding any types of expenditure from petty cash purchases, where this is considered necessary; and |
| (d) | requiring monthly reconciliation reports from each manager to the chief financial officer, including— |
| (i) | the total amount of petty cash purchases for that month; and |
| (ii) | receipts and appropriate documents for each purchase. |
