Petty cash accounts, the amount of money
that school boards can keep in these accounts increased.
be amended to read as follows:
13-18-1 or 13-18-2 prohibits the establishment of a petty cash account.
Moneys in such an account shall be set aside on an imprest basis from the fund of ownership upon
presentation of a voucher by the business manager and approval by the board.
Moneys set aside in
the account may not exceed a maximum of one hundred dollars.
The school board shall determine
the amount of money set aside in the account up to a maximum of one thousand dollars.
board shall prescribe policies and procedures governing the stewardship of such account. An
employee shall be designated to be accountable for the petty cash account and shall keep accurate
records of all receipts, expenditures, and balances of the account. Unless required by the school
board, disbursements from the petty cash account may neither require approval by the board nor
signature of the presiding officer of the board or business manager.