3005

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 Activities Director shall manage the activities fund and serve as its treasurer. The Activities Director 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 will be transferred to foundations.

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: 1/1/2007

Revised on: 1/1/2007 Reviewed on: ______________