802.01 - Cash in School Building

Cash is required to be on hand for day to day operations of the school district.  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 raised by students shall be kept in the administrative office.

Cash, not to exceed $500, shall be kept in a locked cabinet in the administrative office at the close of the day.  Cash in excess of $500 shall be deposited in the authorized depository of the school district.

It shall be the responsibility of the board secretary to determine the amount of cash necessary for each day’s operations and to comply with this policy.

 

 

Legal Reference:  Iowa Code §279.8 (1991)

Cross Reference:  801.2    Depository of Funds
                                               804        Revenues

Approved:  4-23-92
Reviewed:  12-11-23            
Revised: