ARTICLE 1. Moneys Received by School Districts [41000 - 41003]
( Article 1 enacted by Stats. 1976, Ch. 1010. )
No assessor, tax collector, city, city and county, or county treasurer shall charge or receive any fees or compensation for assessing, collecting, receiving, keeping, or disbursing any school moneys, but the whole moneys collected shall be paid to the city, city and county, or county treasurer.
(Enacted by Stats. 1976, Ch. 1010.)
The governing board of every school district shall pay all moneys received or collected by it from any source and all moneys apportioned to it from taxes levied and collected under the authority of city councils for school purposes, into the county treasury to be placed to the credit of the proper fund of its district. All money collected by the city council or other governing body of any municipality from taxes levied for school purposes when received shall be paid into the county treasury to the credit of the school district for the schools of which the taxes were levied. All deposits and payments required by this section shall be made daily, unless the county superintendent of schools authorizes them to be made weekly or otherwise, but in no event less frequently than monthly.
(Enacted by Stats. 1976, Ch. 1010.)
All moneys received by any school district or paid into the county or city and county treasury to the credit of the district from state apportionments, county, district or municipal taxes, other than moneys required to be placed in a separate fund of the school district, shall be deposited in the general fund of the district, which fund shall be in existence in each county and city and county treasury.
Nothing in this section shall be construed as discontinuing, nor as affecting the disposition of moneys in any of the separate funds of the school districts legally created or established in law.
(Amended by Stats. 1987, Ch. 917, Sec. 13.)
Notwithstanding Sections 41001 and 41002, money received from the sources, or for the purposes listed in subdivisions (a) to (h), inclusive, may be deposited in a bank or other financial institution whose accounts are federally insured. Any money so deposited shall be in an account or accounts fully covered by that insurance:
(a) Funds received for the purpose of making loans, scholarships, or grants to students in, or graduates of, a school under the jurisdiction of the governing board of the district.
(b) Funds received for the sale of food or other services performed by one or more cafeterias established in the schools of the district.
(c) Funds received from the sale of produce, livestock, and other products of one or more school farms established in the district.
(d) Clearing accounts established pursuant to Section 41017.
(e) Funds of a student body organization.
(f) Funds in a revolving cash fund established pursuant to Section 42820.
(g) Funds for community recreation programs established pursuant to Chapter 10 (commencing with Section 10900) of Part 7.
(h) Funds that, pursuant to any other law or provision of the California School Accounting Manual, may be deposited in a bank or other federally insured financial institution in lieu of the county treasury.
(Amended by Stats. 1991, Ch. 68, Sec. 1.)
The governing board of a school district may, by resolution, specify the particular fund or funds maintained for the district into which shall be deposited moneys received for the rental or lease of real property.
(Enacted by Stats. 1976, Ch. 1010.)