FILE:  DJ

Cf:  DC

EXPENDITURE OF FUNDS

In accordance with statutory provisions, the St. John the Baptist Parish School Board shall direct the Superintendent to serve as treasurer for the School Board, who shall receive, hold in custody, and expend all funds as directed by the Board and in conformance with statutory accounting and budgetary requirements.  The Superintendent shall also maintain pertinent regulations and procedures to assure the proper expending of Board funds.

No expenditure of funds shall be made where the expenditure would be more than funds available, unless approved by the Board.

DISBURSEMENTS/ACCOUNTS PAYABLE

The Board shall authorize the School Board administration to process and issue payment without obtaining the Superintendent's and Board President's approval for:  Board approved contracts (i.e. life insurance, health insurance); payroll deductions; utilities; and federal, state and local mandated disbursements (i.e. retirement, social security).

All other payments shall be approved by the Superintendent and Board President before payment is issued.

In all instances, payments shall not be released before obtaining approval from the Director of Business Services, who shall verify the availability of cash.

Ref:     La. Rev. Stat. Ann. §17:97

St. John the Baptist Parish School Board