ACCOUNTING: CASH IN SCHOOL BUILDINGS
CFG-R (LOCAL)

DISPOSITION OF CASH

All money raised or contributed by students or collected by teachers must be deposited to the appropriate school fund. Principals must provide a method whereby teachers are able to turn in all money to the office for deposit or safekeeping on the day it is collected. Principals shall deposit such funds in the Business Office as often as necessary. Cafeteria managers are responsible for all money collected in the cafeteria and must make daily deposits to a bank designated by the Business Office.

COLLECTION FORMS

Teachers must fill out a Teacher’s Summary of Collections form whenever they collect money from students, and the form must accompany the money when deposited. Principals or their designees must fill out a Principal’s Remittance of Collections form to account for money deposited to the business office. Principals or their designees must fill out a Principal’s Receipt for all money collected from any source. Principals or their designees must fill out Refund Receipts when giving cash refunds.