Responsibility of treasurer

The treasurer shall be responsible to the committee for the proper accounting of all monies received by him on behalf of the canteen. All monies received by him shall be deposited in the relevant accounts at a bank or banks approved by the committee weekly on such day as shall be fixed by the committee and, in addition, whenever the monies in hand reach one hundred dollars. All disbursements shall be paid as follows– (a) where the amount to be paid is under five dollars and immediate cash payment is 45 required, it may be paid from the petty cash account by the treasurer who shall obtain receipts for such payments. The petty cash account shall be limited to twenty dollars which may be redeemed from time to time by cheque on the bank; (b) accounts of business places etc., and amounts exceeding five dollars shall be paid by cheque.