Code No. 704.5
STUDENT ACTIVITIES FUND
Funds raised by students or from student activities shall be deposited and accounted for in the student activities fund. Funds in the student activities fund are the property of and shall be under the financial control of the school district. Students may use these funds for purposes approved by the superintendent. Funds remaining in the fund after the promotion of the class shall revert to the school district.
Whether such funds are collected from student contributions, club dues, and special activities or result from admissions to special events or from other fund-raising activities, all funds will be under the jurisdiction of the board and under the specific control of the superintendent/building principal. They will be deposited in a designated depository and will be disbursed and accounted for in accordance with instructions issued by the superintendent.
It shall be the responsibility of the board secretary to keep student activity funds up-to-date and complete.
Any unencumbered class or activity funds will automatically revert to the general activity fund of the school when a class is promoted or an activity is discontinued.
Legal Reference: Iowa Code §§ 11.23; 279.8 (1993).
Cross Reference: 504 Student Activities
701 Financial Accounting System
Approved 8/23/94 Reviewed 12/08/97; 10/08/01; 10/16/06; 10/12/11; 10/11/16; 10/12/21 Revised
MORNING SUN COMMUNITY SCHOOL DISTRICT BOARD OF DIRECTORS