Depository of Funds: DG

All revenue received by the school district shall be deposited in an official bank or banks as designated by the Superintendent. Such financial institutions must qualify as an eligible public depository in accordance with state law.

When moneys are issued from the custody of the county treasurer, such moneys and all other moneys belonging to the district shall be deposited by the Board Treasurer or official custodian to the approved depository accounts as designated by the Superintendent.

The Treasurer of the Board or official custodian shall comply with all requirements of state law regarding the deposit of district funds.

 

Current practice codified 1983

Adopted:  January 24, 1984

Revised:  December 13, 1988

Revised:  December 19, 1989

Revised:  February 10, 2014

Revised: May 15, 2014

 

LEGAL REFS.: C.R.S. 11-10.5-101 et seq. (relates to deposits of public

  funds in banks)

C.R.S. 11-47-101 et seq. (relates to deposits of public 

  funds in savings and loan institutions

C.R.S. 22-32-104 (4) (c)

C.R.S. 22-32-107 (3), (4), (6)

C.R S. 22-32-109 (1) (g)

C.R.S. 22-32-110 (1) (x)

C.R.S. 22-40-104 (related to county treasurer)

C.R.S. 22-40-105

C.R.S. 22-45-104 (relates to collection and deposit of

  fees and fines)