Semi-annual petty cash verification letters will be distributed via DocuSign to petty cash custodians in early December. Custodians must complete and return verification letters no later than December 30, 2019.
The required semi-annual verification process helps ensure that petty cash is accounted for and records are accurately stated. DocuSign allows custodians and managers to review, approve, and certify verification letters more easily and makes it easier to monitor progress and compliance. Failure to comply with the required process may result in closure of the petty cash fund.
If you do not receive your letter by December 10, 2019, or if you have general questions about the verification process, contact the Cash and Controls Team.