Texas A&M University System: Administrative and General Offices
A Compliance Audit of Certain State Agencies' and Universities' Petty Cash Funds
Report Number 95-148
As of August 31, 1994, the Comptroller of Public Accounts reported the State's petty cash funds as $3,552,167 for petty cash, $2,307,272 for travel advance cash, and $11,244,981 for imprest cash.
Overall, controls were adequate over the State's petty cash funds. However, there was a lack of adequate controls over petty cash funds at the Texas Department of Transportation, Texas Department of Mental Health and Mental Retardation, Texas Education Agency, and Texas A&M University. These control weaknesses make it possible for errors, omissions, theft, and/or other abuse to occur and not be detected in a timely manner.
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