Adoption Date: 06/22/2021

History: 05/24/22 (reviewed), 4/11/23 (reviewed), 4/23/24 (updated)

The amount of cash that may be kept in the school building for any one day is sufficient for that day's operations. Funds raised by students are promptly deposited in the student activity fund.

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

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

Policy References:

Legal Reference:

Iowa Code § 279.8 

Cross Reference:

701.1

Depository of Funds