CHANGE FUNDS - 8111

An agency/department may establish change funds for the purpose of providing cash in denominations and amounts necessary to permit the making of change for its daily cash collection operations. This fund will be withdrawn from the revolving fund and operated on an imprest basis.

Agencies/Departments are authorized to have change funds exceeding $100 only if they have safes, vaults, or money chests adequate to safeguard cash.

Agencies/Departments must submit a request to establish a change fund in excess of $500 to the Department of Finance, Fiscal Systems and Consulting Unit (FSCU). See SAM Section 7040, Request for FSCU Approval and Fiscal Policy Assistance.

See SAM Section 8102 for the accountability for change funds.