Policy Title: Cash in School Buildings Code No. 702
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 Administration Office safe overnight and then deposited in the appropriate bank and account.
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.
Approved: December 16, 2003
Reviewed: January 12, 2016
Revised: July 13, 2009
Legal Reference: Iowa Code § 279.8 (2013)
Cross Reference: 701.1 Depository of Funds; 704 Revenue