FILE:  DJ

EXPENDITURE OF FUNDS

In accordance with statutory provisions, the DeSoto Parish School Board shall direct the Superintendent to serve as Treasurer for the School Board, who shall receive, hold in custody, and expend all funds as directed by the School Board and in conformance with statutory accounting and budgetary requirements.  The Superintendent shall also maintain pertinent regulations and procedures to assure the proper expending of School Board funds.

No expenditure of funds shall be made where the expenditure would be more than funds available, unless approved by the School Board.

SCHOOL FUNDS

The principal of a school shall receive, hold in custody, and expend all funds, in accordance with proper procedures outlined in the School Board’s School Activity Fund Manual, of all activities of the school for which the principal is responsible.  All purchases by the schools shall be made or approved by the principal or by a person authorized in writing by the principal.

Approved:  August, 2003

Ref:    La. Rev. Stat. Ann. §§17:97, 39:1301, 39:1302, 39:1303, 39:1304, 39:1305, 39:1306, 39:1307, 39:1308, 39:1309, 39:1310, 39:1311, 39:1312, 39:1313, 39:1314

DeSoto Parish School Board