704.5 STUDENT ACTIVITIES FUND

Revenue raised by students or from student activities shall be deposited and accounted for in
the student activities fund. This revenue is the property of and shall be under the financial
control of the board. Students may use this revenue for purposes approved by the 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 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 accounts up-to-date
and complete.

Any unencumbered class or activity account balances will automatically revert to the activity
fund when a class graduates or an activity is discontinued.

Legal Reference: Iowa Code §§ 11.23; 279.8 (2013).
Cross Reference: 504 Student Activities

701 Financial Accounting System

 

Approved     4/09/01                  Reviewed    8/17/2022                         Revised