FAR 13.305-2

Each agency using imprest funds and third party drafts shall- (a) Periodically review and determine whether there is a continuing need for each fund or third party draft account established, and that amounts of those funds or accounts are not in excess of actual needs; (b) Take prompt action to have imprest funds or third party draft accounts adjusted to a level commensurate with demonstrated needs whenever circumstances warrant such action; and (c) Develop and issue appropriate implementing regulations. These regulations shall include (but are not limited to) procedures covering- (1) Designation of personnel authorized to make purchases using imprest funds or third party drafts; and (2) Documentation of purchases using imprest funds or third party drafts, including documentation of- (i) Receipt and acceptance of supplies and services by the Government; (ii) Receipt of cash or third party draft payments by the suppliers; and (iii) Cash advances and reimbursements.

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