FILE:  DG

Cf:  DFE

 

DEPOSITORY OF FUNDS

 

 

The Vermilion Parish School Board shall select and contract with a depository to provide the most efficient and otherwise desirable services for the School Board and School District.  Selection of the official depository shall be in accordance with statutory provisions.  All funds of the School Board shall be deposited to the account(s) of the School Board in the official depository.

 

All monies retained in school buildings shall be safeguarded in secure areas at all times.  However, the School Board shall assume no responsibility for funds lost in a school. The School Board requires that school funds shall be deposited on a daily basis, whenever possible.

 

SCHOOL RECEIPTS

 

Cash receipts in schools shall be handled as follows:

 

  1. Cash receipts should be deposited daily.

  2. Pre-numbered receipt tickets should be issued when cash is received.

  3. Deposits should agree with amounts collected as evidenced by duplicate copies of serially numbered receipt tickets.

  4. Receipts should contain descriptive information in order that receipts may be classified when making monthly financial reports.

  5. Authority for collection and issuance of receipts should be limited.

 

Adopted:  July 20, 2016

 

 

Ref:    La. Rev. Stat. Ann. ยงยง17:95, 39:1211, 39:1212

Board minutes, 7-20-16

 

Vermilion Parish School Board