2019 Nevada Revised Statutes
Chapter 354 - Local Financial Administration
NRS 354.609 - Petty cash, imprest or revolving account.
1. The governing body of any local government may, by resolution, establish one or more petty cash accounts, imprest accounts or revolving accounts in a bank or credit union to assist in the administration of any activities in which the local government is authorized by law to engage.
2. A resolution establishing any petty cash account, imprest account or revolving account in a bank or credit union shall, in detail, set forth the following:
(a) The object and purpose of the account.
(b) The source of money to be used to establish and maintain the account.
(c) The method of controlling expenditures from the account.
(d) The maximum dollar amount of any single expenditure.
3. Payments made out of any such accounts in accordance with the establishing resolution may be made directly without approval of the governing body of any local government.
4. Reimbursement of any such petty cash, imprest or revolving accounts must be made no less often than monthly. The reimbursement must be supported by proper evidences of expenditures made from the account and must be approved by the governing body in the same manner as other claims against the fund to which the reimbursement is to be charged.
(Added to NRS by 1973, 1080; A 1975, 369; 1999, 1475)
