Revenue raised by students or from student activities will be deposited and accounted for in the student activities fund. This revenue is the property of and will be under the financial control of the board. Students may use this revenue for purposes approved by the superintendent or superintendent’s designee.
Whether such revenue is collected from student contributions, special activities, or result from admissions to special events or from other fundraising activities, all funds will be under the jurisdiction of the board and under the specific control of the superintendent or superintendent’s designee. They will be deposited in a designated depository and will be disbursed and accounted for in accordance with instructions issued by the superintendent.
It will be the responsibility of the board secretary to keep student activity accounts up-to-date and complete.
Any unencumbered class or activity account balances will automatically revert to the general fund of the school when a class graduates or an activity is discontinued.
Legal Reference: Iowa Code § 279.8
Cross Reference: 504 Student Activities
701 Financial Accounting System
Approved 11/1/2004 Reviewed 11/17/2014 Revised 10/26/2009
01/20/2020 10/18/2021
10/18/2021
