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702.01 Local, State, and Federal Income

702.01            

LOCAL, STATE, AND FEDERAL INCOME

All income received by the school district shall be classified under the official accounting system and be placed in the hands of the secretary and treasurer of the Board of Directors, to be deposited into the official school district depository or depositories set by the Board in accordance with the laws of the state of Iowa.

LEGAL REF:  Iowa Code Section 291.12, Chapters 452, 453

Approved:          4/9/90              Reviewed:           11-08-10        Revised: ____________  

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