Appendix A - Revolving Fund Reimbursements (30.3)
  • 02 Nov 2023
  • 1 Minute to read
  • Dark
  • PDF

Appendix A - Revolving Fund Reimbursements (30.3)

  • Dark
  • PDF

Article summary

Revolving Fund Reimbursements

Revolving Funds are approved for agency use on a case-by-case scenario. An external bank account is sometimes needed to meet agency operating needed. Upon DFS approval, agencies are authorized to establish the revolving fund and external bank account and is given an authorized amount of funds to support its use. Agencies make expenditures and then seek replenishment on a recurring basis. DFS analyzes and audits agency use of revolving funds and the transactions through separate processes than is used for Regular Vouchers.

Agencies will use a Regular Voucher to support replenishment of the revolving fund. Agencies may be asked to record transaction details, such as expenditure purpose, as part of the replenishment request. A Supplier Location will be established for each agency revolving fund with a payment method of EFT/ACH, or warrant. This supplier location will entered on the voucher and will reimburse the revolving fund. The Merchant Field within the distribution line will be used to record the description of the goods/services that were purchased. The payment method may be updated on the Voucher.

Agencies are responsible for managing tax reporting responsibilities for any payments made using a revolving fund. Agencies should work with DFS for tax reporting expectations.

Version History

DateRevision Description


Original Version


Was this article helpful?

Changing your password will log you out immediately. Use the new password to log back in.
First name must have atleast 2 characters. Numbers and special characters are not allowed.
Last name must have atleast 1 characters. Numbers and special characters are not allowed.
Enter a valid email
Enter a valid password
Your profile has been successfully updated.