NONINSTRUCTIONAL AND BUSINESS SERVICES
701.1 - DEPOSITORY OF FUNDS
Each year at its annual meeting, the board shall designate by resolution the name and location of the Iowa located financial depository institution or institutions to serve as the official school district depository or depositories. The maximum deposit amount allowed in each depository shall be stated in the resolution. The amount(s) stated in the resolution will include all depositories and include all of the school district's fund(s).
It shall be the responsibility of the business manager to include the resolution in the minutes of the meeting.
Legal Reference: Iowa Code §§ 12C; 279.33 (1995).
Cross Reference: 210.1 Annual Meeting
206.4 Treasurer
704.1 Local - State - Federal - Miscellaneous Revenue
Approved: 1/20/2000
Reviewed: 11/16/15, 3/21/22
Revised: