FILE:  D-4

Cf:  D-3.8

DEPOSITORY OF FUNDS

The Central Community School Board shall select and contract with a depository to provide the most efficient and otherwise desirable services for the School Board and School District.  Selection of the official depository shall be in accordance with statutory provisions.  All funds of the School Board shall be deposited to the account(s) of the School Board in the official depository.

All monies retained in school buildings shall be safeguarded in secure areas at all times.  However, the School Board shall assume no responsibility for funds lost in a school.  The School Board requires that school funds shall be deposited on a daily basis, whenever possible.

Ref:    La. Rev. Stat. Ann. §§17:95, 39:1211, 39:1212

Central Community School Board