imprest fund


Also found in: Wikipedia.

imprest fund

A cash fund of a fixed amount established through an advance of funds, without appropriation change, to an authorized imprest fund cashier to effect immediate cash payments of relatively small amounts for authorized purchases of supplies and nonpersonal services.
References in periodicals archive ?
The board also approved to sign checks for the district Jan O'Malley and Chad Ruppert, Board President; to sign checks for the Junior High and the High School Activity Fund, Rachelle McDowell and Kathy Foster; to sign checks for North School Activity Fund, Kevin Reedy and Spring Huston; and to sign for the District Imprest Fund, Susan Sullivan and Sharon Langen.
"[NAVSUP] FLC Yokosuka has also been supporting DPAA locations with Imprest Fund authority, which is important because most vendors in these locations still do not accept credit cards," she said.
An imprest fund contains a fixed amount established by advanced funds.
Updates and consolidates text on the use of imprest funds and third-party drafts; deletes unnecessary cross-references; and relocates to the PGI (Procedures, Guidance, and Information) Web site at <http://www.acq.osd.mil/dpap/dars/pgi/index.htm> guidance on the use of unilateral contract modifications and procedures for use of forms for purchases made using simplified acquisition procedures.
19038, 4/12/2005) Fourth, DOD proposes to update and consolidate text on the use of imprest funds and third-party drafts at DFARS 213.305 and relocate guidance on the use of unilateral contract modifications at DFARS 213.302-3 and procedures for the use of forms at DFARS 213.307, 253.213, and 253.213-70 to the new DFARS companion resource.
Updates and consolidates text on the use of imprest funds and third-party drafts; deletes unnecessary cross-references; and relocates to PGI, guidance on the use of unilateral contract modifications and procedures for use of forms for purchases made using simplified acquisition procedures.