It is the purpose of this policy to establish financial controls for the administration of the normal, legitimate, co-curricular and extra-curricular activities of the student body organization.

Each activity covered by this policy must be recognized by the Board of Education before monies can be collected or disbursed in the name of said activity. The Superintendent is directed to obtain annually a list and brief description of the objectives, activities, and limitations of each fund prior to the start of the new fiscal year.

The Board authorizes the maintenance of approved student activity funds.

All activities shall be on a self-sustaining basis.

The Superintendent/designee shall be the Treasurer of the student activities fund. S/He may delegate responsibility to the principal, a financial secretary or designee.

There shall be established in the fund(s) an account for the use of needy students to be disbursed at the discretion of the Superintendent/designee.

Fund raising for all student activities will be in accordance with Board Policy 5830 and Policy 9700.

Graduating classes or student organizations which are no longer functioning may determine how funds left in an account may be used. One (1) year after graduation or the disbanding of an organization, the balance in the funds automatically transfer to the Student Council account.