4009.2 Shasta Liberty BP Revolving Cash

4009.2 Shasta Liberty BP Revolving Cash

Board Policy 4009.2 authorizes the establishment of a Board-approved revolving cash fund in a federally insured institution for making urgent purchases and correcting payroll errors in accordance with California School Accounting Manual (CSAM) guidelines. It enforces internal controls to detect and prevent fraud, holding individuals personally liable for checks issued in violation of school rules. The policy strictly forbids using revolving funds for political influence, entertainment, or non-instructional purposes, and reserves the Board’s authority to reduce or terminate the fund at any time.