FILE:  DG

Cf:  DFL

DEPOSITORY OF FUNDS

The Sabine Parish School Board shall select a depository on an annual basis which shall provide the most efficient and otherwise desirable services for the Board.   All funds of the Board shall be deposited to the account(s) of the Board in the official depository.  The depository contract shall run for a period of one year commencing on July 1 of each year.

All monies retained in school buildings shall be safeguarded in secure areas at all times.  However, the Board shall not assume responsibility for funds lost in a school.

The Board requires that school funds shall be deposited on a daily basis.

Ref:     La. Rev. Stat. Ann. §§17:95, 39:1211, 39:1212, 39:1220

Sabine Parish School Board