Policy: DG
Depository of Funds
All income payable to the School District and all revenue
received will be deposited with the School Treasurer, who
will credit it to the appropriate account.
The School Board will determine when other depositories are
needed and will name them by resolution.
The value of funds in any single account will not exceed the
amount guaranteed by the FDIC. Depositories will be selected
only after careful review of fiscal practices and ability
to meet the safety and service criteria of the District.
ADOPTED: 10 December 1998
