Schools receive funding from various sources, including Department of Education grants, income from school activities, and contributions from parents and fundraising. Depending on the source, income may be collected in different ways, such as cash or online systems for parents. Regardless of how it is received, it is essential to have an effective income management system to ensure all funds are properly recorded, collected, receipted, and banked.
The section below provides guidance on managing cash income, including a sample policies and cash record sheets.