FILE:  DG

DEPOSITORY OF FUNDS

The Bogalusa City School Board shall contract with a depository to provide the most efficient and otherwise desirable services for the School Board.  Selection of the official depository shall be in accordance with statutory provisions.  All funds of the 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 not assume responsibility for funds lost in a school.  The School Board shall require that school funds be deposited on a daily basis, whenever possible.

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

Bogalusa City School Board