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MONEY IN SCHOOL BUILDINGS
All funds from athletic events or other activities of pupil organizations collected by school district employees and by pupil treasurers under the auspices of the Board of Education 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. The Business Administrator/Board Secretary shall develop regulations for the timely deposit of funds. If money must be left overnight in schools, it shall be kept in the school safe provided for safekeeping of valuables. The Board of Education is to decide if lost or mishandled money is to be replaced by the person responsible. Mishandling of money including loss may be cause for disciplinary action. Date: April 14, 1986 November 19, 2001 First Reading December 10, 2001 Approved 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. 6:20-2A.8 Petty cash fund Cross References: 3250 Income from fees, fines, charges 3293 Depositories 3400 Accounts 3451 Petty cash funds 3453 School activity funds 3571 Financial reports 3571.4 Audit 5136 Fund-raising activities 6145.4 Public performances and exhibitions Key Words Money in School Buildings, Pupil Organizations, Athletic Funds |
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