DM - LRSD Board Policies

Published by jackbgarvey on Mon, 07/29/2013 - 14:55

LITTLE ROCK SCHOOL DISTRICT - NEPN CODE:  DM

 

CASH IN SCHOOL BUILDINGS

Money collected by school employees will be handled according to good and prudent accounting procedures.  All money collected will be receipted, accounted for, and directed without delay to the proper location of deposit.

In no case will money be left overnight in schools, except in safes provided for safekeeping of valuables.  Access to safes and the area in which safes are shall be secured and restricted by the building administrator only to those who are authorized.  When a large amount of money is received, provisions should be made for making bank deposits after regular banking hours in order to avoid leaving money in school overnight.  Deposits will be made a minimum of once a week or when the deposit is over the minimum set in District regulation, whichever occurs first.

Cash transactions from receipts are prohibited.

 

Insurance

The Board of Education will procure and maintain insurance, in reasonable amounts, based on the exposure to losses at various locations, and in order to protect against the loss of money, securities, and checks by actual destruction, disappearance, or wrongful removal from within all premises and also while off any premises.

 

 

Adopted:  March 24, 2000