Prohibition Against Presigned Checks, Child Development Division Prior Written Approval

18018

Except for external payroll services, private contractors:

(a) Shall not use any presigned, preauthorized, or pre-stamped checks, without the prior written approval of the Child Development Division; and

(b) Shall require two (2) authorized signatures on all checks unless:

(1) the contractor has a policy approved by its governing board requiring dual signatures only on checks above a specified dollar amount; and

(2) the annual audit verifies that appropriate internal controls are maintained.

NOTE: Authority cited: Section 8261, Education Code. Reference: Section 8261, Education Code.