2020 5210
Non-Instructional/Business Operations
SUBJECT: REVENUES
The District Treasurer will have custody of all District funds in accordance with the provisions of state law. The Treasurer will be authorized and directed by the Board to invest the balances available in various District funds in accordance with regulations set forth in state law subject to review and approval by the Business Office as per Policy #5220 — District Investments.
The following revenues will be deposited in the general fund:
- Local tax revenues which may include real estate tax as well as county sales taxes for school purposes;
- State aid for the operation of the District;
- State aid for the use of Cooperative Board Services;
- Federal aid which is used to support general fund expenditures;
- Interest on investments from the general fund;
- Athletic receipts;
- Retirement deductions and insurance settlements;
- Transfers from other funds into the general fund;
- Tuition income;
- Fees from special school programs such as adult education;
- Any other miscellaneous income as required by state law and accounting procedures.
- Education Law Sections 1604(a) and 1723(a)
Adopted: 8/24/11
Revised: 9/22/20