702 - Cash In School Buildings

The amount of cash that may be kept in the school building for any one day shall be sufficient for that day's operations.  Funds will be kept in the principal’s office and deposited on a timely basis the next business day.

A minimal amount of cash will be kept in the central administration office at the close of the day.  Excess cash will be deposited in the authorized depository of the school district.

It is the responsibility of the superintendent or the superintendent's designee to develop administrative regulations to determine the amount of cash necessary for each day's operations, to establish any necessary petty cash accounts, to determine how often deposits must be made and to comply with this policy.

 

 

Legal Reference:  Iowa Code § 279.8

Cross-Reference:  701.1  Depository of Funds
                                       704     Revenue

Approved:  Dec. 8, 1997, Dec. 21, 2015, Nov. 15, 2021     
Reviewed:  Aug. 24, 2005, Oct. 26, 2015, Oct. 18, 2021      
Revised:  Oct. 26, 2015, Oct. 18, 2021