Cal. Code Regs. Tit. 5, § 18018 - Prohibition Against Presigned Checks, Child Development Division Prior Written Approval; Two (2) Authorized Signatures on Checks

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.

Notes

Cal. Code Regs. Tit. 5, § 18018

1. Repealer and new section filed 11-21-88; operative 1-1-89 (Register 88, No. 50). For prior history, see Register 77, No. 39.

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

1. Repealer and new section filed 11-21-88; operative 1-1-89 (Register 88, No. 50). For prior history, see Register 77, No. 39.