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FINANCIAL MANAGEMENT <br />STUDENT ACTIVITY FUNDS <br />7360 <br />(also 3432) <br />Page 1 of 2 <br />The Bonneville School District No. 93 Board of Trustees authorizes the Superintendent/ <br />designee to establish procedures for the collection and expenditure of student activity <br />funds to promote the general welfare, education, and morale of all students and to <br />finance the normal legitimate co- curricular activities of the school. These funds are to <br />be maintained as agency funds. <br />Guidelines <br />1. All funds collected by the schools shall be maintained in accounts requiring two <br />authorized signatures for the distribution of funds; <br />a. one signature shall be by a person designated by the Board as an Assistant <br />Treasurer of the District; <br />b. the other signature shall be by a person authorized by the Board to be a <br />designated counter signer. <br />2. All disbursements from these funds shall be made by regular bank check. <br />3. A report of the activity in these funds shall be submitted to the Board each month. <br />4. The Su perintendent/designee shall provide accounting procedures for the receipt, <br />deposit, and withdrawal of funds. <br />5. The principal is the person responsible for the proper collection, disbursement, and <br />control of all school activity funds. This includes providing for: <br />a. the safekeeping of monies, <br />b. proper accounting and administration of the funds, and <br />c. compliance with Board of Trustees policies and District procedures. <br />DEFINITION <br />Student Activity Fund: an agency fund that is custodial in nature. The fund will control, <br />account for, and report assets, receipts, deposits, expenditures, assets, liabilities, and <br />fund balances for school related activities such as: <br />• admission charges for interscholastic activities, <br />• publications, <br />• clubs, <br />• student organizations, <br />• student activities, and <br />Bonneville Joint School District No. 93 <br />