School Activities Fund
The superintendent of schools shall establish an activities fund account to be used to finance the operations of student organizations, inter-school athletics, and other school activities that are not a part of any other fund. All transactions related to the activities fund shall be conducted through an account at a board-approved depository.
The superintendent shall manage the activities fund and serve as its treasurer. The superintendent may divide the activities fund into more than one account to allocate portions of the fund for different purposes.
Funds in an activity’s account after the activity ceases to exist shall be transferred to the general fund or such other fund as the board may choose. Funds left in a graduating class’s account will be maintained for a period of six months for a class memorial. If they are not used within that time, they may be transferred upon board approval.
As school activities are a responsibility of the school district, any deficit in the activity fund shall be paid from the general fund.
Adopted on: July 13, 2009
Revised on: _________________________
Reviewed on: November 13, 2013
Reviewed on March 13, 2016