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3450 Money in School Buildings

All funds from athletic events or other activities of student organizations collected by Northfield School District employees and by student treasurers under the auspices of the board shall be handled and accounted for pursuant to prudent business procedures and rules of the state board of education.

Northfield, New Jersey X Monitored Mandated
Policy X Other Reasons

The principal/designee shall be responsible for the receipt and deposit of all funds collected in his/her school and shall administer an accounting system for all such moneys and in accordance with the Standard Operating Procedure/ Internal Controls Manual.

Lost money shall be replaced by the person responsible.

NJSBA Review/Update: October 2009; December 2010 Adopted: October 24, 2011

Key Words

Money in School Buildings, Student Organizations, Athletic Funds

Legal References: N.J.S.A. 18A:17-34 Receipt and disposition of moneys

  1. 18A:19-13 Petty cash funds
  2. 18A:19-14 Funds derived from student activities
  3. 18A:23-2 Scope of audit
  4. 6A:23A-16.8 Petty cash fund
  5. 6A:23A-16.12 Student activity funds
  6. 6A:23A-16.13 School store business practices

Possible Cross References: *3250 Income from fees, fines, charges

3293 Depositories *3400 Accounts *3451 Petty cash funds *3453 School activity funds

3571 Financial reports *3571.4 Audit *5136 Fund-raising activities

6145.4 Public performances and exhibitions

*Indicates policy is included in the Critical Policy Reference Manual.

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