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3002 Deposits

3002 Deposits


            The superintendent 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, a surety bond, or an acceptable bank qualified securities, as referenced by the pledge securities receipt. 


            Funds collected by district employees and by student treasurers shall be handled with prudent business procedures.  All funds collected shall be receipted and accounted for and directed without delay to the proper depository.  Funds exceeding $200 shall not be left overnight in school buildings, except in safes provided for the safekeeping of valuables.


            Each year the board of education shall designate a school employee with the responsibility for endorsing checks for deposit.  (Business Manager)



Adopted on:             3/14/2005


Revised on:               _________


Reviewed on:           9/14/2009



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