FILE: DIA
ACCOUNTING SYSTEM
The LaSalle Parish School Board delegates to the Superintendent or his/her designee, the responsibility of maintaining complete, accurate, and detailed records of all financial transactions in the school district. These records shall be in accordance with generally accepted accounting principles, as prescribed, and approved regulations of the Louisiana Board of Elementary and Secondary Education (BESE).
SCHOOL BOARD FUNDS
The School Board shall require the Superintendent to provide the necessary guidance and direction for the administrative implementation, review, analysis, reporting, and modification of all budgeted activities as approved by the School Board. All regulations developed and maintained governing the fiscal responsibility of the Board and its personnel and resources shall be designed to promote efficient management and sound fiscal accountability at every level of the school system.
All School Board employees charged with receipt, handling, and/or disbursement of any Board funds shall abide strictly by state and federal law, policies of the School Board, and regulations and procedures developed by the Superintendent or his/her designee.
SCHOOL FUNDS
The School Board shall require that uniform procedures be applied throughout the school system to assure the proper accounting for, and expenditure of, all funds under the control of each individual school. Such funds shall be subject to regular audit by the internal audit department or as may otherwise be provided.
Adherence to and implementation of all regulations and procedures, as may be established by the Superintendent and staff, pertinent to school funds shall be the responsibility of each school principal or his/her designee. These shall include, but not be limited to the following:
Each fund in each school shall maintain accounting records in such a way as to conform with written procedures prescribed by the Superintendent.
The school principal will be responsible for submitting to the Superintendent an annual financial statement on all accounts receiving school funds or under the school's control.
School funds shall be under the same legal requirements as other School Board funds.
Each principal shall make available to School Board personnel the records from which to conduct an audit.
Principals shall submit to the Board the announced purpose and the itemized distribution of monies raised from school fundraisers.
Athletic funds of a school are not public funds but are subject to regulations of the School Board; athletic funds may not be used to make donations.
The Board shall receive periodic reports from the Superintendent of all income, expenditures, balances in the schools' various accounts, and such other data as the Board may prescribe, in addition to regular financial reports. In every way possible, the Board shall provide financial assistance relative to student activity programs within each school.
School Funds Accounting Procedures
Six (6) month and year-end financial statements shall be completed for all funds and submitted to the Superintendent. Statements shall be signed and dated by the principal as to the accuracy: "To the best of my knowledge, these statements are true and accurate." These financial statements shall be due thirty (30) days from the close of the second (2nd) and fourth (4th) quarters of the fiscal year. Statements should be made on a cash basis with a supplement attached listing all unpaid bills and uncollected receipts. A reconciled bank statement should be attached.
The Superintendent shall be notified immediately of any fund with a deficit balance. Purchases should be approved by the principal and the Superintendent for any fund with a deficit balance of over $2,000.00. Any deficit over $4,000.00 shall be brought to the attention of the Board with a detailed explanation and a plan for assuring a positive fund balance.
Separate accounts shall be established for athletics, annuals, canteen, clubs, and general fund.
For orders of athletic equipment over $500.00, bids must be solicited from at least five (5) sporting goods companies.
SCHOOL CLUBS AND ORGANIZATIONS
The School Board shall require all activity funds generated by a club, organization, association, class, athletic team, or any other organization within the school to be deposited into a school fund bank account. Separate records of all financial transactions of the school fund account shall be maintained by the principal for each group. No money shall be drawn on the account without a proper request and any check for an expenditure shall reflect the signature of the principal.
The records of the school account shall be reconciled monthly and a written report shall be prepared by the principal and submitted to the Superintendent or his/her designee annually, who shall review and consider the report for approval and notify the principal accordingly. The School Board may require and provide for an audit of the school fund of any school within its jurisdiction at any time.
All club or organization related fund raising activities shall be approved by the principal and may be subject to audits from the central office.
BOOSTER CLUBS/OUTSIDE ORGANIZATIONS
The School Board recognizes that funds generated by an entity outside the school, such as a parents' club, community, business, civic or other similar type of organization, are considered to be independent funds under the exclusive control and supervision of the club or organization. While these funds are independent of school authority, the Board expects and shall require all such funds, when expended for any school function, activity, or purpose, to adhere fully to all state and federal statutory and regulatory provisions.
In addition, the Board may place restrictions on the donation and usage of any monies by an outside source, i.e. club, organization, or entity, to a school or Board-related entity. Specifically prohibited shall be the donation to an individual employee of the School Board anything of economic value in the form of money, personalized articles, automobiles and/or their use, travel, entertainment or vacations. The Board reserves the right to examine the provisions of any and all prospective donations to a school or Board-related entity to ascertain the propriety of the donation.
Ref: La. Rev. Stat. Ann. ยงยง17:59, 17:196, 17:414.3, 24:515, 39:1301, 39:1302, 39:1303, 39:1304, 39:1305, 39:1306, 39:1307, 39:1308, 39:1309, 39:1310, 39:1311, 39:1312, 39:1313, 39:1314, 39:1315
Opinion No. 84-167, Commission on Ethics for Public Employees, State of Louisiana
Louisiana Handbook for School Administrators, Bulletin 741, Louisiana Department of Education
Board minutes, 3-7-88
LaSalle Parish School Board