DG February 2026.pdf (109 KB)

​​

​Boulder Valley School District​​ ​File: DG​ ​Adopted: Date of manual adoption​ ​Revised: June 22, 2004, June 9, 2009​, February 10, 2026​

​DEPOSITORY OF​​FUND​S MANAGEMENT​S/AUTHORIZED SIGNATURES​ ​All monies received by the​​School​​District shall be deposited in an official bank​​or​ ​appropriate instrument that​as designated by the Board. Such financial institution​​or​ i​nstrument​​must​​qualif​ies​y​​as an eligible public depository​​or appropriate instrument​​in​ ​accordance with state​​and federal​​law.​ ​When monies are withdrawn from the custody of the County Treasurer, such withdrawn​ ​monies and all other monies belonging to the School District including monies derived​ ​from food services and school activities shall be deposited by the Treasurer of the​ ​Board or official custodian to the credit of the School District in an​​eligible public​ ​depository​​or appropriate instrument.​​designated by the Board​.​ ​Unencumbered monies shall not be transferred from one fund to another unless​ ​authorized in advance by Board resolution.​ ​The Treasurer or official custodian shall comply with all requirements of state law​ ​regarding the deposit​​and management​​of School District funds.​ ​Revenues from a tax levy for the purposes of satisfying bonded indebtedness​ ​obligations shall be administered by a commercial bank or depository trust company​ l​ocated in Colorado​​or an escrow account​​that meets the requirements​​of​set forth in​ ​state​​and federal​​law.​ ​Checks written on all School District funds authorized by the Board will require the​ ​facsimile signature of the Treasurer of the Board. The use of the facsimile signature​ ​must conform to the present state statutes. It is the practice of the Board to adopt the​ ​required resolution and complete the required "consent to use facsimile signature" form​ ​at the Board's annual organizational meeting.​ ​REFS.:​ ​C.R.S. §​​11-10.5-101​​(Public Deposit Protection Act)​ ​C.R.S. §​​11-47-101​​(Savings and Loan Association Public Deposit Protection Act)​ ​C.R.S. §​​22-32-104​​(4)(c) (board may appoint custodian of moneys)​ ​C.R.S. §​​22-32-107​​(3), (4), (6) (board treasurer duties)​ ​C.R.S. § 22-32-109(1)(g) (Board of education-district duties-custody of monies)​ ​C.R.S. § 22-32-110(1)(x) (specific powers-custody of monies)​ ​C.R.S. § 22-32-121 (facsimile signature)​ ​C.R.S. § 22-40-104 (relates to county treasurer)​ ​Page​​1​​of​​2​

​C.R.S. § 22-40-105 (tax levies and revenues-depositories)​ ​C.R.S. §​​22-45-103​​(bond redemption fund trustee or escrow requirement)​ ​C.R.S. § 22-45-104 through -106 (accounting and reporting)​ ​End of File: DG​

​Page​​2​​of​​2​