Series 800
Policy Title: Depository of Funds
Code No.: 810
Each year at its annual meeting, the board will 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 board will also designate the maximum amount which may be kept on deposit in each bank. This amount will be designated the first time a new depository is identified, and will be reviewed at least once every five years or when an increase or additional depository is needed. The amount stated in the resolution must be for all depositories and include all of the school district's funds.
It is the responsibility of the board secretary to include the resolution in the minutes of the meeting.
Date of Adoption/Review/Revision:
July 1979
August 21, 1990
August 1992
August 1995
August 1998
June 2001
June 2004
July 2007
July 2010
August 2013
September 2016
February 2022
February 2024
