SPS Policy Manual - Saginaw Public Schools

Section 3000 – Fiscal Management
3570 Petty Cash Accounts 3570
The Board recognizes the need to have small amounts of cash readily available to pay for
emergency needs. Petty cash is to be administered following standard accounting principles and
in accordance with the Michigan Department of Education requirements for accounting of
expenditures. Petty cash is not to take the place of normal purchasing policies and procedures.
Approved:
3580 Board Member Compensation 3580
Compensation is authorized in advance for the attendance of members of the Board at
any regular or special meeting of the Board and at any meetings of standing, ad hoc or advisory
committees so attended.
Board members will be compensated for attending meetings.
The Secretary of the Board, at the conclusion of each month, will forward copies of all
minutes from each of the Board meetings, regular or special and committee meetings conducted
for the month to the Business Office requesting that payment be made to those Board members
who are listed in the minutes as being in attendance at the meeting.
Upon receipt of the copies of the minutes, the Business Office will draft a check for each
member listed and distribute the payment. Board members may exercise their option to decline
payments by sending notification to the Business Office.
Approved:
LEGAL REF: MCL 380.11a; 691.1409
SCHOOL DISTRICT OF THE CITY OF SAGINAW