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EASTON AREA
SCHOOL DISTRICT
No. 608
SECTION:
FINANCES
TITLE:
BANK ACCOUNTS
ADOPTED:
September 21, 2006
REVISED:
608. BANK ACCOUNTS
1.
Authority
SC 508, 621
The Board, by a majority vote of the full Board, shall designate one or more banks
or bank and trust companies as depositories for the safeguarding of school funds.
SC 440, 624
Each depository shall be required to report monthly to the Treasurer or Board on the
status of funds, in the manner required by law.
SC 622
Each designated depository shall furnish proper security for deposits in the amount
designated by the Board and in accordance with law.
2.
Guidelines
Each designated depository shall be advised not to cash checks payable to the school
district but to deposit said checks to the district accounts.
The Board shall periodically obtain quotations for specified banking services prior to
designating its depositories.
School Code
440, 508, 621, 622
623, 624, 625