I-3 - Resolution 2025-066 - Update the Petty Cash & Change Fund and Policies on use

8. Petty cash that is advanced for approved purchases must have a receipt for purchase and any change returned to the petty cash fund by the custodian and signed by the custodian. 9. The custodian shall ensure that the following represents the authorized petty cash amount: a. Cash on Hand b. Cash disbursements represented by receipts c. Cash income represented by income register form. 10. Receipts shall be deposited to the depository bank account intact monthly leaving the fund constant. Fines & Penalties: Any employee or elected official who insures unauthorized costs shall be held personally liable for all said costs. On the 17th day of June, 2025, at a regular meeting of the Tiffin City Council, Tiffin, Iowa, Councilperson ____ introduced RESOLUTION NO. 2025-066, A RESOLUTION TO UPDATE THE PETTY CASH/CHANGE FUND AND POLICIES ON USE THEREOF and made a motion for approval. Motion seconded by Councilperson ____. Ayes: Nays: Absent: Whereupon ___ Council members were present and voted approval and Mayor Kasparek declared that the RESOLUTION NO. 2025-066, A RESOLUTION TO UPDATE THE PETTY CASH/CHANGE FUND AND POLICIES ON USE THEREOF to be adopted and signified his approval of the same by affixing his signature thereto. Passed by the City Council on the 17th day of June 2025. _________________________________ Tim Kasparek, Mayor ATTEST: ___________________________ Abigail Hora, City Clerk