IMPREST PETTY CASH ACCOUNT RESOLUTION



(Adopted by the Board of Trustees on June 29, 1975)



WHEREAS, the handling of Petty Cash reimbursement to College

employees will be simplified if the College has an Imprest Petty

Cash Bank Accounts; and,



WHEREAS, accounting for Petty Cash expenditure will be

simplified if the College has an Imprest Petty Cash Bank Account;



NOW, THEREFORE BE IT RESOLVED, that the President of the

College is hereby authorized to open a bank account in the First

National City Bank entitled College of the Virgin Islands Imprest

Petty Cash Accounts; and,



BE IT FURTHER RESOLVED, that the authorized signature on

this Bank Account shall be those of the President, the Provost,

the Business Manager, the Director of the St. Croix Campus, the

Director of the Virgin Islands Extension Service, the Administrator

of the Physical Plant, the Campus Development Officer, and any

other College Officials who shall, from time to time, be added by

the President as the need arises; and,



BE IT FURTHER RESOLVED, that each check which is drawn against

the Imprest Petty Cash Bank Account shall have typed or printed on

the face of the check "Not Valid for More Than $200"5 and,



BE IT FURTHER RESOLVED, that two signatures shall be required

on each check, one of which signatures shall be that of the Business

Manager, either by machine signature or written signature, the

President, or the Provost and the second signature may be any one



of the other College officials whose signature is authorized.



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