BP3314.2
Business and Non-Instructional Operations
District Revolving Fund
The Governing Board has established by resolution a revolving
cash fund for use by the Superintendent or designee in paying for goods,
services and other charges determined by the Board, including supplemental
payments required to correct any payroll errors. (Education Code 42800-42806,
45167)
At the request of the Board, County Auditor or County Superintendent
of Schools, the Superintendent or designee shall give an account of the
fund. (Education Code 42804)
The funds shall be deposited in a bank doing business locally,
whose deposits are insured by FDIC. The Superintendent or designee shall
be responsible for all payments into the account as well as expenditures
from the account subject to the restrictions established by the Board.
The Superintendent shall review and revise fund usage as appropriate.
Additional Revolving Funds
The Superintendent also may, by resolution, establish revolving cash
funds for use by site principals and other administrative staff to pay
for goods and services. The total amount of the funds shall not exceed
3 percent of the current year's instructional supply budget. (Education
Code 42810)
No funds maintained in a revolving fund shall be used in an attempt
to influence government decisions, for entertainment purposes, or for any
other purpose not related to classroom instruction. (Education Code 42810)
The Superintendent shall name the administrators who will have
use and control of the funds. Administrators so named shall be responsible
for all payments into the accounts as well as expenditures from the accounts,
subject to restrictions established by the Superintendent.
The revolving cash fund for supplies shall be subject to the bonding
provisions of Education Code 42801.

The Superintendent or designee shall provide an audit of revolving funds
on a regular basis. (Education Code 42810)



Legal Reference:
Education Code
35160 Authority of governing boards after January 1, 1976
41020 Audits of all district funds
42238 Local taxation by school districts
42800-42806 Revolving cash fund
42810 Revolving cash funds; use; administrators
45167 Error in salary
























Adopted: 9/10/97
Revised: