LAUREL SPRINGS SCHOOL DISTR1CT

Money In School Buildings                                                                   Policy #3450

All funds from athletic events or other activities of pupil organizations collected by school district employees and by pupil treasurers under the auspices of the board shall be handled and accounted for pursuant to prudent business procedures and rules of the state board of education.

The principal/designee shall be responsible for the receipt and deposit of all funds collected in his/her school and shall administer an accounting system for all such moneys.

In no case shall money be left overnight in schools except in the school safe provided for safekeeping of valuables.

Lost money shall be replaced by the person responsible.

First Reading: November 15, 2006

Adopted: December 13, 2006

Legal References:      N.J.S.A 18A:17-34     Receipt and disposition of moneys

                                     N.J.S.A 18A:19-13      Petty cash funds

                                     N.J.S.A 18A:19-14      Funds derived from pupil activities

                                     N.J.S.A 18A:23-2        Scope of audit

                                     N.J.A.C 6:20-2A.8       Petty cash fund