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One or more banks within the District shall be designated as a depository(ies) for all regular school funds. The designated depository(ies) are required to collateralize all deposits fully.

Monies in School Buildings

Monies collected by District employees and by student treasurers shall be handled with good and prudent business procedures. All monies collected shall be receipted in triplicate and accounted for and directed without delay to the proper location of deposit.

In no case shall monies be left overnight in schools except in safes or other secured locations provided for safekeeping of valuables. All funds and supporting documentation must be delivered to the District Business Office by the next business day.

Cross-ref: 2210, Annual Organizational Meeting

5210, Student Organizations/Clubs

Ref: Education Law §§2129; 2130(4)

8 NYCRR §§170.1; 170.2

General Municipal Law §§800 et seq.

Adoption date: December 1, 1995

Amended date: December 15, 2008

Amended date: June 17, 2019

Amended date: October 24, 2022