Depository of Funds
income payable to the School District and all revenue received will be
deposited with the School Treasurer, who will credit it to the
The School Board hereby determines deposits for food service require
continuity, and therefore shall be made by the School Treasurer on a
weekly basis or as needed during the academic year.
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
REVISED: 19 December 2013