Journal Entries

1. Each journal entry should be substantiated by supporting documentation.

2. Each journal entry should be recorded in the accounting records.

3. The Business Administrator and Superintendent should review and approve all journal entries.

4. A report shall be provided to the Board and Audit Committee annually listing all journal entries, purpose of each entry, and total debit and credit amounts. The Board and Audit Committee may request from the administration specific journal entries for review. This report should be made available to the Board and Audit Committee at least once annually or more often if requested.

**These procedures are applicable to school activity (school checking) and district accounting records and systems.