imprest funds

Related to imprest funds: petty cash

imprest funds

Funds issued by Army and Air Force Exchange Service (AAFES) to a military organization to purchase beginning inventory for the operation of an AAFES imprest fund activity. See also Army and Air Force Exchange Service imprest fund activity.
Dictionary of Military and Associated Terms. US Department of Defense 2005.
References in periodicals archive ?
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.
An imprest fund contains a fixed amount established by advanced funds.