Policy 716 - Disbursements

The purpose of this policy is to provide for the proper authorization and payment of disbursements.

A. Payment Procedures
The School Board shall approve all disbursements of funds under their control. Disbursements of funds may be made via paper or electronic payments. The superintendent or designated representative shall prepare a detailed list of all disbursements for School Board approval each month The Superintendent or designated representative may disburse funds for which the School Board may provide subsequent authorization.

B. Authorized Signatures
Checks drawn on all District checking accounts (general checking, payroll, and activity funds) will require the signatures of the School Board Chair, Clerk, and Treasurer.

Checks drawn on District accounts will be signed electronically, manually, or with a signature stamp.

• Adopted: August 12, 1968
• Amended: June 21, 1973
• Amended: January 13 1986
• Amended: February 14, 2005
• Reviewed: March 10, 2008
• Amended: December 14, 2015
• Last Reviewed: December 14, 2015