13-16-20. Disbursements--Records--Receipts--Payment of claims--Serially numbered ticket sales--Destruction of records.
The employee in charge of a custodial fund may issue checks for disbursements from the fund. Unless required by the school board, the disbursements do not require prior approval by the board nor signature of the presiding officer of the board or the business manager. The employee designated shall keep accurate records of all receipts, expenditures, and balances of the custodial fund; issue receipts in duplicate for all money received, except money received from the sale of printed serial number admission tickets; approve the expenditures, and pay all claims upon the presentation of an itemized verified claim. A memorandum record shall be kept on file for the sale of all serially numbered tickets by events, and the record shall be signed by the person selling the tickets. The employee may destroy any record that the records destruction board, acting pursuant to §1-27-19, declares to have no further administrative, legal, fiscal, research, or historical value.
Source: SL 1955, ch 41, ch 10, §11; SDC Supp 1960, §15.2211; SL 1976, ch 115, §4; SL 1981, ch 45, §15; SL 2012, ch 88, §11; SL 2020, ch 53, § 2.
Structure South Dakota Codified Laws
Chapter 16 - School District Funds And Accounts
Section 13-16-1 - Sources of school district funds.
Section 13-16-2 - Funds to comport with generally accepted accounting principles.
Section 13-16-3 - General fund defined.
Section 13-16-6 - Capital outlay fund--Definition--Uses--Levy.
Section 13-16-6.2 - Capital outlay certificates authorized--Issuance--Sale--Election--Maturity.
Section 13-16-7.2 - Maximum taxes--Pledge of taxes.
Section 13-16-7.3 - Maximum pledge of taxes--Limitations.
Section 13-16-7.4 - Maximum pledge of taxes--Transition.
Section 13-16-8 - Bond and certificate proceeds placed in capital outlay fund.
Section 13-16-9 - Expenditure of money from capital outlay fund.
Section 13-16-9.1 - Validation of prior school district contracts.
Section 13-16-9.2 - Five-year plan required when fund used to construct new facilities or additions.
Section 13-16-9.3 - Public hearing for use of capital outlay fund--Notice.
Section 13-16-13 - Tax proceeds paid into bond redemption fund--Purposes for which used.
Section 13-16-14 - Restriction on transfers from bond redemption fund.
Section 13-16-15 - Designation of depositories for school district--Resolution.
Section 13-16-15.1 - Domestic savings and loan associations as official depositories--Restrictions.
Section 13-16-18.1 - Domestic federal credit union as public depository--Requirement.
Section 13-16-19 - Custodial funds--Stewardship--Designation of employee--Surety bond.
Section 13-16-21 - Custodial funds--Monthly and annual reports--Audits.
Section 13-16-24 - Unlawful contracts and warrants void.
Section 13-16-26 - Transfers between school district funds.
Section 13-16-26.2 - Transfers from general fund--Prohibited--Exceptions.
Section 13-16-28 - Audit of school district books called by state, school board, or voters.
Section 13-16-30 - Title VIII of the Elementary and Secondary Education Act fund.
Section 13-16-31 - Transfers from Title VIII fund.
Section 13-16-32 - Special education fund--Legal costs allowable expenditures.