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 are kept in the vault room.
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 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
701.1 Depository of Funds
Approved 10-18-04 Reviewed 12-15-08, 12-22-15 3-18-2019 Revised