HomeMy WebLinkAbout7360 Student Activity FundsFINANCIAL MANAGEMENT
STUDENT ACTIVITY FUNDS
7360
(also 3432)
Page 1 of 2
The Bonneville School District No. 93 Board of Trustees authorizes the Superintendent/
designee to establish procedures for the collection and expenditure of student activity
funds to promote the general welfare, education, and morale of all students and to
finance the normal legitimate co- curricular activities of the school. These funds are to
be maintained as agency funds.
Guidelines
1. All funds collected by the schools shall be maintained in accounts requiring two
authorized signatures for the distribution of funds;
a. one signature shall be by a person designated by the Board as an Assistant
Treasurer of the District;
b. the other signature shall be by a person authorized by the Board to be a
designated counter signer.
2. All disbursements from these funds shall be made by regular bank check.
3. A report of the activity in these funds shall be submitted to the Board each month.
4. The Su perintendent/designee shall provide accounting procedures for the receipt,
deposit, and withdrawal of funds.
5. The principal is the person responsible for the proper collection, disbursement, and
control of all school activity funds. This includes providing for:
a. the safekeeping of monies,
b. proper accounting and administration of the funds, and
c. compliance with Board of Trustees policies and District procedures.
DEFINITION
Student Activity Fund: an agency fund that is custodial in nature. The fund will control,
account for, and report assets, receipts, deposits, expenditures, assets, liabilities, and
fund balances for school related activities such as:
• admission charges for interscholastic activities,
• publications,
• clubs,
• student organizations,
• student activities, and
Bonneville Joint School District No. 93
FINANCIAL MANAGEMENT
7360
(also 3432)
Page 2 of 2
• student fee collections which are used to provide more than one (1) activity or
benefit to all of the students of a school or school building.
The accounts of this fund are:
• generally operated for the benefit of students,
• governed by school policy,
• supervised by school district staff members, and
• accountable to the Board of Trustees.
Adopted 08 -10 -2005 Reviewed
Legal Reference: I.C. 33 -705 Activity Funds
Bonneville Joint School District No. 93
Revised