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Home › Board Office › Board Policies › MONEY IN SCHOOL BUILDINGS

MONEY IN SCHOOL BUILDINGS

FILE CODE: 3450
Monitored
Mandated
X Other Reasons

All funds from athletic events or other activities of pupil organizations 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.

In no case shall money be left overnight in schools except in the school safe provided for safekeeping of valuables.

Lost money shall be replaced by the person responsible, depending upon the circumstances.

Date: February 9, 2002
NJSBA Review/Update: January 2008
Readopted: June 23, 2008

Key Words

Money in School Buildings, Pupil Organizations, Athletic Funds

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