Arkansas Code Title 14. Local Government § 14-59-106. Petty cash funds--Establishment

(b)(1) The establishment of such a fund must be approved by the city council.

(c)(1) A paid-out slip is to be prepared for each item of expenditure from the fund and signed by the person receiving the moneys.

(2) These paid-out slips shall be maintained with the petty cash. When the fund becomes depleted, the municipality may then draw another check payable to “petty cash” in an amount which equals the total paid-out slips issued. At that time, the paid-out slips shall be removed from the “petty cash fund,” and utilized as invoice support for the check replenishing petty cash.