The semi-annual Petty Cash Verification Letters will be distributed in the beginning of June. Petty cash custodians must complete and return the required verification letter before the end of June 2018. The semi-annual verification process helps ensure that our petty cash is accounted for and our records are accurately stated. Failure to comply with this requirement may result in closure of the petty cash fund.
We are pleased to announce the use of DocuSign to transmit and verify the semi-annual petty cash verification letters. Use of DocuSign allows custodians and managers to more easily review, approve, and certify the letters using a web-based online tool. This enhancement streamlines the verification process and makes it easier to monitor progress and compliance.
If you have any questions about the verification process or if you do not receive your letter, contact the Cash and Controls Team.