6610 - STUDENT ACTIVITY FUND

It is the purpose of this policy to establish financial controls for the administration of the normal, legitimate, co-curricular, and extra-curricular activities of student organizations. The Board authorizes the maintenance of approved student activity funds as allowed by DPI regulations and the auditor's recommendations.

All activities described in this policy are sponsored by the District and are authorized to use the District name, logo, mascot, or any other name which would associate an activity with the District provided such use is consistent with other applicable District policy.  

Each activity covered by this policy must be recognized by the Board before monies can be collected or disbursed in the name of said activity.

All activities shall be on a self-sustaining basis.

The District Administrator shall be the Treasurer of the student activities fund. S/He may delegate responsibility to District Bookkeeper.

Fund-raising for all student activities will be in accordance with Board Policy 5830 and Policy 9700.

Interest earned on the activity account will be allocated to each class or activity.

All collected money shall be handled, secured, and deposited in accordance with Policy 6630. Misappropriation of activity funds, which includes theft or any other misuse of funds, will result in discipline up to and including suspension, expulsion, and/or termination.

All monies accumulated in the account of a specific class or activity will be disposed of in accordance with the procedures set forth in the administrative guidelines established by the District Administrator.

After one (1) year of inactivity, the unexpended funds of discontinued student organizations shall, on the recommendation of the District Administrator and the approval of the Board, be transferred to the Building Revolving Fund.

Revised 10/19/20

© Neola 2020