CHESTER TOWNSHIP BOARD OF EDUCATION POLICY 3450

MONEY IN SCHOOL BUILDINGS

All funds 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.

Monies should always be deposited in a night depository. In no case shall money be left overnight in schools except in the school safe provided for safekeeping of valuables until next business day.

Lost money shall be replaced by the person responsible.

Date: October 8, 2002

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. 6A:23-2.9 Petty cash fund

N.J.A.C. 6A:23-2.14 Student activity funds

N.J.A.C. 6A:23-2.15 School store business practices

Cross References: 3250 Income from fees, fines, charges

6145. Depositories

3400 Accounts

3451 Petty cash funds

3453 School activity funds

6145 Financial reports

3571.4 Audit

5136 Fund-raising activities

6145.4 Public performances and exhibitions

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