School Funds Sample Clauses
School Funds. The Foundation may establish and maintain designated restricted funds specifically for individual MPS schools, which at their discretion shall develop their own school funds. Donations designated for such schools will be maintained in a separate fund and administered pursuant to the endowment agreement between the individual school fund board chair and the Foundation and countersigned by the schools for acknowledgement purposes.
School Funds. The funds of the School shall be maintained in a qualified public depository subject to the requirements of the Security for Alabama Funds Enhancement Act (SAFE).
School Funds. (i) After the payment of the Continuing Fee, the School shall retain all remaining Qualified Gross Revenues into a bank account that the Board controls (the “Board Bank Account”), which shall be maintained by the School's fiscal officer. From the Board Bank Account, the School shall pay the fees and expenses it decides to incur including, without limitation: • its fees to its Sponsor; • its Board operational expenses; • its taxes, if any; • its legal, insurance, accounting, auditing, and other professional fees; • the cost of any annual audit by the Auditor of the State, or any special or independent audits; and • the purchase price of equipment deemed necessary or appropriate by the School for School operations that are separate from the day-to-day operation of the School.
(ii) Any property purchased with funds from the Board Bank Account shall be titled in the name of School.
School Funds. The Board shall provide to each principal a monthly computer printout of all school accounts at least to the extent currently provided. This printout shall show all monies allocated to the varied accounts, monies spent to date and amounts remaining.
School Funds. The Board shall determine the depository of all funds received by A.I.M. All funds received by A.I.M. shall be deposited in A.I.M.'s depository account. Signatories on A.I.M. Board accounts shall solely be current Board members properly designated annually by Board resolution. All interest or investment earnings on school accounts shall accrue to A.I.M. The Board shall provide school funding on a consistent and timely basis to Distinctive Schools to fulfill its obligations under this Agreement.
School Funds. The Board shall determine the depository institution of all funds received by the School. All funds received by the School shall be deposited in the School's depository account. All interest or investment earnings on deposits shall accrue to the School. The Board shall pay its obligations under this Agreement on a consistent and timely basis.
School Funds. The Board shall determine the depository institution of all funds received by the School. All funds received by the School shall be deposited in the School’s depository account. Signatories on the Operating Account shall include Board-designated EVE employees, Board members and/or Board designated employees; administrative/view online access to the Operating Account and any other Board controlled accounts shall also be given to Board-designated EVE employees. All interest or investment earnings on deposits shall accrue to the School. The Board shall pay its obligations under this Agreement on a consistent and timely basis.
School Funds. WIS agrees that any moneys received by the School from any source that remain in the School's accounts at the end of any budget year must remain in the School's accounts for use by the School during subsequent budget years.