Deposits and Transfers
DEPOSITORY
Annually, in January, the Board shall appoint a depository (bank or capital stock financial institution) for all district funds.
DEPOSITS
All funds received by the District shall be deposited promptly in the proper account of the Board approved depository. The safeguarding of all funds shall be provided through securities in accordance with NE statutes.
TRANSFER OF FUNDS WITHIN AND BETWEEN BUDGETS
All transfers of large amounts (over $10,000) from one major classification to another within a general or building budget shall be reported to the Board.
FUNDS MANAGEMENT
The Board is responsible for the control of all funds of the school system, including internal funds.
Monthly reports on the general fund and the building/sinking fund will be given to the Board by the Superintendent or designee and treasurer. Reports on all other funds will be given to the Board at least annually or more often upon request.
Legal Reference: Neb. Statute 77-2350; Ne. Stat. 77-2387.
Cross Reference: 203.01 Board Organizational Meeting
203.05 Treasurer
705.01 Local, State, Federal, or Miscellaneous Revenue
Adopted: June 12, 2006
Revised: March 9, 2009
Revised: November 12, 2012
Revised: May 11, 2020