The Imprest Fund is a fixed cash or petty cash fund in the form of currency or coin that has been advanced to a cashier as “Funds Held Outside of Treasury”, and can only be held for 5-7 days.
Imprest funds are an exception to the general rule and special circumstances must be met before the exception is granted.
Fiscal Service has many alternative payment options available to agencies at no charge. Before your agency makes a decision about setting up an imprest fund, you should discuss the options with Fiscal Service to find out if an alternative approach is better.
See the Treasury Financial Manual, Volume 1, Part 4A, Chapter 3000, Section 30170 for more detail.
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