DG--Custody and Disbursement of School Funds

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CUSTODY AND DISBURSEMENT OF SCHOOL FUNDS

 

 

 

All School Board funds except 1) money generated by school activities, and classified "school activity fund accounts," 2) petty cash funds, and 3) accounts established for the purchase of instructional materials and office supplies, are deposited with the Alleghany County treasurer, who is in charge of the receipts, custody and disbursement of School Board funds and who keeps such funds in an account or accounts separate and distinct from all other funds. Checks must be drawn on the School Board account by the Alleghany County treasurer, Alleghany County, Virginia.

 

Disbursement of School Board funds is approved as provided in Policy DK Payment Procedures.

 

 

Adopted:          April 20, 2015

 

 

Legal Refs.:      Code of Virginia, 1950, as amended, §§ 22.1-78, 22.1-116, 22.1-122.1 and 22.1-123.

8 VAC 20-240-10.

 

Cross Refs:

DGC

School Activity Funds

 

DGD DJB DK

Funds for Instructional Materials and Office Supplies Petty Cash Funds

Payment Procedures

 

 

© 2/15 VSBA  ALLEGHANY COUNTY PUBLIC SCHOOLS