FILE: DJ
EXPENDITURE OF FUNDS
In accordance with statutory provisions, the Lafayette Parish School Board shall direct the Superintendent to serve as treasurer for the School Board who shall receive, hold in custody, and expend all funds as directed by the School Board and in conformance with statutory accounting and budgetary requirements. The Superintendent shall also maintain pertinent regulations and procedures to assure the proper expending of School Board funds.
No expenditure of funds shall be made where the expenditure would be more than revenues available, unless approved by the School Board.
SCHOOL BOARD FUNDS
Whenever an expenditure is brought before the School Board that represents a potential expenditure of funds not previously included in a budget, the Superintendent shall be required to advise the School Board in writing as to the specific budget from which the expenditure will be paid, and the new projected ending balance for the budget affected.
SCHOOL FUNDS
The principal of a school shall receive, hold in custody, and expend all funds, in accordance with proper procedures outlined by the Superintendent and/or his/her designee, of all activities of the school for which the principal is responsible. All purchases by the schools shall be made or approved by the principal, or in his/her absence, the principal’s designee and account sponsor, when applicable.
| Adopted: February 1, 1973 | Revised: September 1, 2010 |
| Revised: May 6, 1998 | Revised: October 7, 2015 |
Ref: La. Rev. Stat. Ann. §§17:97; 39:1301, 39:1302, 39:1303, 39:1304, 39:1305, 39:1306, 39:1307, 39:1308, 39:1309, 39:1310, 39:1311, 39:1312, 39:1313, 39:1314
Board minutes, 2-1-73, 5-6-98, 9-1-10, 10-7-15
Lafayette Parish School Board