The Lyme School •  Lyme, New Hampshire
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Policy Manual


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 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