Petty cash is a vehicle for payment/reimbursement of small dollar transactions in an efficient and cost effective manner. Petty Cash should always be kept to an absolute minimum based on operational needs.
Establishment and increases in Petty Cash Funds must have appropriate Departmental Approval Function (DAF) approval at the department level (see Departmental Authorization Function Policy), and, if the DAF is within a Columbia University Medical Center (CUMC), the CUMC’s Controller’s Office must also approve.
For additional information regarding Petty Cash, refer to the Financial Reporting and Operations' page on Petty Cash.
Columbia's Policy provides a standard process to handle compensation of research subjects through Petty Cash while protecting confidentiality, to the extent allowable by law, during the reimbursement process. The full policy is available at Petty Cash Policy.