Each year at its June regular meeting the Board will designate by resolution the name and location of an Iowa located financial depository institution or institutions to serve as the official school district depository or depositories. The Board will also designate the maximum amount which maybe kept on deposit at each bank. This amount will be designated the first time a new depository is identified, and will be reviewed annually or when an increase or additional depository is needed. The amount stated in the resolution must be for all depositories and include all of the District's funds.
It is the responsibility of the Board secretary to include the resolution in the minutes of the meeting.
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Approved: 11/14/67 |
Reviewed: 3/11/19 |
Revised: 5/14/12; 7/8/13; 10/13/25 |