5320 - Expenditures of School District Funds
|Policy: Expenditures of School District Funds||Policy Number: 5320|
|Date of Original Policy: 07/10/2002||Date Revision Adopted: 09/06/2017|
|Reviewed by Policy Committee: 08/16/2017||Date of Next Review: 09/17/2020|
|Replacement of Policy Number:|
The Jordan-Elbridge Board of Education authorizes the Purchasing Agent to expend school funds as appropriated by approved operational and capital budgets, and by the adoption of special resolutions. The purchasing Agent will make expenditures in accordance with applicable law and in a manner that will achieve the maximum benefit from each dollar expended.
All claims shall be properly audited before payment by the Internal Claims Auditor who shall attest to the existence of evidence of indebtedness to support the claim.
Complete records of all expenditures shall be maintained for future analysis and reporting within the time frame required by the Records Disposition Law or regulation.
Education Law 1720 and 2523