|Policies and Regulations||NEPN Code: DM
Cash in School Buildings
Funds collected by School District employees and student organizations, or retained on a temporary basis for incorporated parent groups, shall be handled with good and prudent business procedures.
All monies collected shall be receipted, accounted for and deposited on a timely basis.
It is not practical for the District to provide insurance coverage for theft of funds. Therefore, monies retained in school buildings in excess of the amount needed for day-to-day operation must be deposited or returned to the designated parent group representative the following business day.
All depositories used by the District shall provide for making bank deposits after regular banking hours.
|Regulation approved||Board Action||(formerly 3450)|
|By the Board:||05-28-68||13052|