Concerns:
- Money handling (receipts issued,cash receipts issued, etc.)
- Approved Vendor
- Purchase amount under $500 or over $500
- Sales tax collected on taxable sales
Process:
Collection of Money:
- Money collected should be collected according to the money handling process located in the Business Operating Procedure Manual.
- If the T-shirt price is over $5.00 Teacher Summary Sheets should be issued to the students.
- If the T-shirt price is $5.00 or under no Teacher Summary Sheet is required, but it is suggested that a tabulation form is filled out to have a paper trail of the money collected from each student.
-
Sales Tax will need to be collected or added to the sale price of the T-shirt and deposited to the appropriate school account.
-
Collected amount should be deposited by the teacher to the campus secretary or bookkeeper.
-
Collected funds should be deposited to the appropriate campus account (Fund 461).
Purchase:
All purchases, leases, maintenance agreements, and contracts must comply with the following general requirements set by the Board in local policy [CH] “Purchasing and Acquisitions”.
- Approved vendors need to be utilized
- Purchases over $500 must be processed on a Purchasing Requisition – RQ10
|
Purchase amount under $500 or over $500
|
|
Purchase amount under $500 or over $500
|