6610A - PROCEDURE FOR INACTIVE ACTIVITY ACCOUNTS

Southern Local School District

Administrative Guidelines

6610A - PROCEDURE FOR INACTIVE ACTIVITY ACCOUNTS

Prior to the termination of a student organization, all funds remaining in the treasury must be disposed of in one of the following ways:

	A.	Expended by vote of the organization controlling these funds as provided for in the bylaws.
	B.	Transferred to another student organization following the standard withdrawal procedure.
	C.	Transferred to the School District for a specific and designated purpose. When the student organization votes to dispose of funds in this manner, the following procedure will be applied:

		1.	The funds shall be turned over to the Treasurer of the Board of Education along with a signed statement from the organization authorizing the School District to use the funds in a specific manner as agreed upon by the student organization.
		2.	The funds shall be held in a trust agency fund until the proper expenditures have been made. Any balance remaining after these expenditures will be transferred to the general fund for use by the School District.

Transferred by motion of the Board to the general student organization if none of the preceding ways has been implemented.