Revenue raised by students or from student activities is deposited and accounted for in the student activities fund. This revenue is the property of and is under the financial
control of the board. Students may use this revenue for purposes approved by the superintendent or building principal.
Whether such revenue is 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 or 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 is the responsibility of the superintendent and board secretary to assure that student activity accounts are up-to-date and complete.
Any unencumbered class or activity account balances will be moved to the general fund by board action when a class graduates or an activity is discontinued.
Legal Reference: Iowa Code §§ 11.23; 279.8 (2007).
Cross Reference: 504 Student Activities
701 Financial Accounting System
Approved 4-16-12
Reviewed
Revised
