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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 shall be deposited daily.

A maximum of $20 in petty cash is kept in each building at the close of the day.  Excess cash is deposited in the authorized depository of the school district.

It is the responsibility of the superintendent 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:          701.1   Depository of Funds

704         Revenue

Initially Approved 03-08-1999         Last Reviewed 03-10-2014              Last Revision                   

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