Policies and Regulations NEPN Code: DM
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Fiscal Management
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.

 

Related Policies/Regulations

DGA - Depository

 

Regulation approved   Board Action (formerly 3450)
By the Board: 05-28-68 13052  
Policy      
Adopted:      
Amended: 07-24-95 28211  
Amended: 11-13-06 34571  
Amended: 07-11-11 36112  
Amended: 12-09-13 36799  
Reviewed 10-08-18 38138