The Board of Education has established by resolution
a revolving cash fund for
the purpose of paying for goods and services and
other uses provided by the Board or required by law. The
amount of the cash fund shall be established and reviewed as
necessary, upon approval by the Board of Education. Uses of the fund, when appropriate, shall be revised
by resolution.
The Superintendent and/or the designee will develop
regulations for the use and control of the fund.
The Superintendent and/or the designee shall be responsible for all payments
into the account, as well as expenditures from the
account subject to the restrictions established by
the Board of Education.
The revolving cash fund for supplies shall be
subject to the bonding provisions of Education Code
42801.
The Superintendent shall, at the request of the
County Superintendent or the Board of Education, give an
account of the fund. The fund shall be audited
annually by the accountant authorized by the
Board of Education.
Legal Reference:
Education Code
42800-42806 Revolving Cash Fund
Policy Adopted: February 3,
1974
Revised: September 14, 2004
