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.
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.