Branch Fund Procedures
A Branch Fund is the UConn Health terminology for a petty cash fund held in a department. Branch Funds have many proper uses; they are intended to facilitate departmental purchases of small but necessary items not to exceed $50.00. All emergencies or specific exceptions must be approved by the Finance Manager based upon the particular needs of the department.
To establish a Branch Fund, the department should send a request (Branch Fund Request Form) to the Manager of the Travel and Cash Management Office (MC 5105).
The Branch Fund form must be completed indicating:
- The amount requested.
- Justification: (be specific) stating the projected uses of the fund.
- If the Branch Fund will be needed on a temporary or permanent period of time.
Each quarter departments holding Branch Funds must report their status to the Travel and Cash Management Office using the Branch Fund Reporting Form.
Note: Branch Fund Procedures have been updated. It is recommended that you review the new Branch Fund Procedures.