[HISTORY: Adopted by the Township Committee of the Township of Franklin 3-24-2015 by Ord. No. O-5-15. Amendments noted where applicable.]
A Petty Cash Fund is hereby established pursuant to N.J.S.A. 40A:5-21.
The Petty Cash Fund shall be in the amount of $300 per annum.
The designated custodian of the fund shall be the Township Clerk, who shall be bonded in the amount of $1,000,000. Said custodian shall maintain records for the Petty Cash Fund in a manner conducive to proper accounting and auditing procedures.