The change fund ______ have to be redeposited annually.

• A. Does not
• B. Must
• C. Should
• D. May

Answer: (A)

A change fund is a standing cash float used to make change for transactions. It’s established with an authorized amount and remains in place from year to year, rather than being redeposited annually. The daily control process focuses on counting and reconciling the fund and depositing cash receipts into the main treasury, while replenishing the float as needed from those receipts. Because the fund is a continuing float rather than a yearly reset, it does not have to be redeposited every year. Shortages or overages are addressed through proper adjustments, but the fundamental concept is that the change fund stays in place with its fixed amount, not an annual redeposit.