Code No. 702
Cash in School Building
The amount of cash that may be kept in the school building for any one day shall be sufficient for that days operations. Funds raised by students shall be kept in the administrative office of each building.
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 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 (2013).
Cross Reference: 701.2 Depository of Funds
704 Revenues
Approved: May 8, 1989
Reviewed: April 17, 2017
Revised: April 17, 2017