3002 Deposits

3002 Deposits

The board of education shall designate the depository or depositories for all school funds.  All funds received by the district shall be deposited promptly in the proper account of each such depository.  All funds shall be insured by the Federal Deposit Insurance Corporation or a surety bond approved by the board on securities of the United States government pledged by joint custody receipt. 

Funds collected by district representatives shall be receipted, accounted for, and directed without delay to the proper depository.  Funds exceeding $100 shall not be left overnight in school buildings, except in safes provided for the safekeeping of valuables.

 

Adopted on: December 10, 2012
Revised on: November 13, 2017
Reviewed on: ________________________