Code No. 705.8
Non-Instructional Operations and Business Services
Petty Cash
A petty cash fund shall be maintained by the school district in each building’s administrative office for incidental expenditures. The petty cash fund in each building shall not exceed $50. The fund shall be maintained in accordance with the principles of the school district’s accounting system.
It shall be the responsibility of the board secretary to maintain and authorize expenditures from the petty cash fund.
Expenditures made from the petty cash fund shall be audited by the board at its next meeting after the petty cash fund is replenished.
Legal Reference: Iowa Code Chapter 279.8 (2003).
Cross Reference: 700 Expenditures
Approved: May 8, 1989
Reviewed: February 22, 2005
Reviewed: March 20, 2018
Revised: .