13-18-16. Petty cash account--Maximum amount.
Nothing in §13-18-1 or 13-18-2 prohibits the establishment of a petty cash account. Moneys in such an account shall be set aside on an imprest basis from the fund of ownership upon presentation of a voucher by the business manager and approval by the board. The school board shall determine the amount of money set aside in the account up to a maximum of one thousand dollars. The school board shall prescribe policies and procedures governing the stewardship of such account. An employee shall be designated to be accountable for the petty cash account and shall keep accurate records of all receipts, expenditures, and balances of the account. Unless required by the school board, disbursements from the petty cash account may neither require approval by the board nor signature of the presiding officer of the board or business manager.
Source: SL 1981, ch 138, §1; SL 2003, ch 98, §1.
Structure South Dakota Codified Laws
Chapter 18 - School District Warrants And Disbursements
Section 13-18-1 - Check, warrant or electronic funds transfer required for payment of school funds.
Section 13-18-2 - Contents and signing of checks and warrants.
Section 13-18-8 - Business manager's check register--Form and contents.
Section 13-18-13 - Call of registered warrants for payment--Cessation of interest.
Section 13-18-14 - Cancellation of check or warrant not presented for payment--Notation in register.
Section 13-18-15 - Payment of check or warrant despite cancellation provisions.
Section 13-18-16 - Petty cash account--Maximum amount.
Section 13-18-17 - Incidental account.
Section 13-18-18 - Health insurance flexible spending accounts.