702 - Cash in School Buildings

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 kept in the Office of the Board Secretary.

A minimal amount of cash is kept in the Office of the Board Secretary 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 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

I.C. Iowa Code              Description
Iowa Code § 279.8        Directors - General Rules - Bonds of Employees

Cross References:  701.01  Depository of Funds