3314.2 — Revolving Funds (BP)
The official document
What the district published
This is the source material — exactly as released by RUSD. The plain English translation below is this site's version, written for community members who shouldn't need to know all the lingo to understand what they're legally entitled to as taxpayers, and how to access it.
The original isn't embedded here yet.
The district publishes through its board portal, which often points to a whole policy folder or meeting agenda rather than this one document. Rather than send you digging, I'll add the exact source the moment I can link it directly. The plain-English summary below is drawn faithfully from that original.
Looking for it now? You can browse the district's board portal at reedschools.org / SIMBLI ↗.
In plain English
What this document actually says
This policy, last revised in October 2022, governs how the district manages revolving cash funds—small cash accounts used for urgent purchases or to avoid issuing many small checks. The Board established two types of funds: a Standard Revolving Cash Fund for the chief accounting officer to pay for urgent services or supplies, and a Pre-Payment Revolving Cash Fund for purchases of $1,000 or less. All funds must follow strict internal controls to prevent fraud, require receipts for all transactions, and be kept in federally insured accounts. The person managing the pre-payment fund must submit monthly reports to the Board for approval and is personally liable for unauthorized purchases. The Superintendent reports regularly to the Board on fund usage and audits.
What this means for your family
This policy doesn't directly affect students or classroom instruction, but it helps the district manage taxpayer money responsibly. These cash funds allow staff to quickly purchase urgent supplies or services without lengthy approval processes, potentially benefiting school operations. The strict accountability measures—including personal liability for misuse and regular audits—help ensure district funds are protected and used appropriately for educational purposes.
Summaries are AI-assisted and based on the original district document shown above. Nothing has been editorialized — interpretations are clearly labeled. This site is maintained by Lina Godfrey's campaign as a community resource.