D-680 Depository of Funds
| Authority | District Board |
| Effective Date | August 18, 1982 |
| Revision Date | October 2, 2024 |
| Reviewed Date | |
| Related Policies | |
| Related Forms, Policies, Procedures, Statute |
D-680.1 – Cash Receipts Wisconsin Statutes 38.12 (2) |
The District Board shall deposit all monies received with the District Board Treasurer, who shall be accountable for such funds. The Treasurer shall cause all college funds to be placed in depositories approved by the District Board.
At its annual organizational meeting, the District Board shall officially designate the depositories for all college funds. A resolution approved by a two-thirds (2/3) majority is required.
Facsimile or specimen signatures of the Chairperson and Treasurer or any two (2) of the following will be required for the withdrawal of any funds from authorized depositories:
Chairperson, Blackhawk Technical College District Board
Treasurer, Blackhawk Technical College District Board
President/District Director
Vice President of Finance and College Operations/CFO
Director – Financial Services
Automated Clearing House (ACH) transfer of funds from the College's accounts to non-college accounts requires the approval of one (1) check signer (other than the originator).