Target Audiences: School Districts
Category: Cash Management
The role of the School Business Official (SBO) in the process of handling cash and cash equivalents (e.g. inventory, tickets, etc.) is critical to establishing the public’s confidence that its resources are being safe-guarded to the maximum extent practicable against fraud and theft. Within the school setting, the Student Activity realm still readily utilizes cash and cash equivalents on a daily basis. Additionally, these Student Activities are generally ‘high-profile’ events in many schools and communities, and if not managed effectively can serve to undermine the public’s confidence that its resources are being well-managed.
This course provides the legal and procedural requirements for handling funds in the school setting, with added emphasis on the Student Activity funds. Moreover, this course provides the SBO with practical guidance on working with Boards of Education in creating viable policies and procedures to safeguard public funds. The course also provides practical guidance on establishing cash handling controls and procedures, and instructs the SBO on working with other employees to insure safe cash management.