The Executive Director of Business shall be authorized to maintain an impressed* fund account for the purpose of facilitating refunds, for payment of freights, payment of advance registrations, and the making of minor purchases. This shall be a revolving fund which shall be itemized and reimbursed monthly from the general funds of the school district.
Policy Adopted 10/4/76
Policy Revised 12-6-99
Policy Revised: 07.13.2015
*An impressed fund is one in which the expenditure precedes the accounting rather than occurring after accounting. In this type of account a reimbursement is typically made to the account to re-establish a balance.