DK, School Activities Funds Management

FILE: DK

SCHOOL ACTIVITIES FUNDS MANAGEMENT

The East Feliciana Parish School Board shall require maintenance of uniform procedures throughout the parish to assure the proper accounting for, and expenditure of, all funds under the control of individual schools. Such funds shall be subject to regular audit by the internal auditor of the central office, legislative auditor, or certified public accountant approved by the Board.

Implementation of the procedures outlined in the School Activity Fund Procedures Manual shall be the responsibility of the school principal or his designee.

The procedures shall assure:

1.	The proper identification of monies belonging to various groups and organizations or monies raised and designated for various purposes.
2.	Proper crediting of deposits, with receipts issued depositors.
3.	Safeguarding of cash and prompt deposit of all monies received.
4.	Proper authorization before payment of invoices.
5.	Payment of bills by check, signed by principal for purchases or expenditures authorized by the principal in cooperation with group sponsors.
6.	Prompt payment of bills.

The Board shall receive reports from the Superintendent of all income, expenditures, and balances in the school's various accounts upon request.

Re-Adopted: October 5, 1999

Ref: La. Rev. Stat. Ann. §51:224

Board minutes, 10-3-78, 10-5-99

East Feliciana Parish School Board