4330 – Impressed Funds Account


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.