COVID safety protocols led to a different looking Lake Washington School District (LWSD) Culinary Competition this year. The event took place virtually with students cooking from their own kitchens.
System of Funds and Accounts
The accounting system shall comply with procedures set forth in the Accounting Manual for Public School Districts in the State of Washington and regulations required by the Revised Code of Washington and the Washington Administrative Code.
Types of Funds
Expending Funds - Board Approval
All funds may be expended to the limit of each budget. The board shall approve all employment of personnel, and site purchases. The district shall establish and operate the following funds in accordance with the state laws.
Depository of Funds
The county treasurer shall be the ex-officio treasurer of the district as prescribed by law.
All moneys collected by district employees shall be deposited with the treasurer within twenty-four hours.
The district may deposit earnings of consenting employees in a bank in Washington State to be distributed to the respective employees' banks by a commercially accepted method on pay day.
Petty cash accounts shall be established for the purpose of making small, immediate purchases. Procedures and controls shall be established by the director of business services.
Delinquent Accounts Write Off
The superintendent shall ensure that all avenues of collecting the accounts receivables have been exhausted and then declare them delinquent.
The board authorizes the superintendent to write off such delinquent accounts.