||In terms of Section 37(1) of the South African Schools Act, 1996 (Act 84/1996) as amended (SASA), a governing body of a public school must establish a school fund and administer it in accordance with prescriptions issued by the Head of Department. These prescriptions are available in the form of a manual issued under cover of Circular 0039/2000 of 8 May 2000.
||The attached document and appendixes replaces with immediate effect the guidelines and minimum requirements in respect of the issuing of official receipts as contained in Chapter C: Banking of the above-mentioned manual.
||Should principals and chairpersons of governing bodies of the schools concerned require assistance regarding compliance with the above-mentioned prescriptions, they are advised to contact the school-based management team at their Education Management and Development Centre.
||Please bring the contents of this circular to the attention of all persons concerned.
SIGNED: L.J. ELY