1.When applying for/ adjusting to the petty cash amount to meet an agency’s operational needs, it should fill out a detailed list of petty cash appropriations for the previous year, a copy of the memorandum book, etc., following the required format, and then send them to the National Treasury for approval.
2.The approved amount of petty cash is calculated based on the actual amount of monthly petty cash appropriated by each agency on average for the previous year. If the actual amount received by an agency is less than the calculated amount of petty cash, the amount will be approved according to the actual amount received. However, the Ministry of Finance has the discretion to approve the amount of petty cash to an agency depending on the business characteristics or special needs of the agency.
3.The petty cash amount of a newly established agency is approved by referring to an agency with the same business characteristics, and if there is a need to adjust the petty cash amount after implementation for a certain period, the amount of petty cash will be revised on the basis of information such as a detailed list of petty cash appropriations and a copy of the memorandum book during the previous implementation period.