DEPOSITORY OF FUNDS
At the annual meeting, the Board of Directors shall designate by resolution, which shall be entered in the official minutes of the Board, the name and location of the bank or banks selected as the official school district depository or depositories. The Board shall also designate the maximum amount that may be kept on deposit in each bank.
Legal Reference: Iowa Code Sections 279.33; 453.1-453.3; Chapter 454
Cross Reference: 204.5 Annual Meeting of the Board
Adopted: February 10, 1986
Reviewed: March 8, 1999
July 19, 2004
February , 2009
February 17, 2014