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506.10 Control of Student Activity Funds

 506.10          

CONTROL OF STUDENT ACTIVITY FUNDS

The Superintendent, through the Director of Finance and Budget, shall have custody of all funds of classes, organizations, and activities.  A complete record of all receipts and expenditures shall be maintained and an audit of this record shall be made annually by a person selected by the Board of Education.

Collection of any funds for school activities must have the approval of the superintendent and the recommendation of the building principal.  All such funds shall be under the financial control of the Board.

Records for any class shall not be maintained after their graduation and any monies belonging to said class shall be transferred to another account.

School sponsored organizations are required to keep accurate records of their financial transactions and to compare balances with the monthly report submitted by the Central Office to eliminate any errors or questions.

Approved:         2/12/90           Reviewed:        2/13/12         Revised: ________

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