Code No. 702.1
GATE RECEIPTS
Gate receipts from any given school event have the potential to amount to a substantial sum of cash. Gate receipts should be deposited as soon as possible in the school district's depository.
When same-day deposits are not possible, the gate receipts are to be kept in the building in which the receipts were collected. The board discourages the individual in charge of collection of the gate receipts from personally holding the receipts except in special circumstances approved by the superintendent.
The superintendent shall be responsible for designating the individuals who shall be in charge of collecting, counting, and depositing the gate receipts. The superintendent shall provide administrative regulations to be followed by those chosen to handle the receipts.
Legal Reference:
Iowa Code 279.8
Approved 9-13-93 Reviewed 8-19-13 Revised 11-16-2020