FILE: H-6.2
ACTIVITIES FUNDS MANAGEMENT
All fund-raising projects and activities by schools or groups within the schools shall contribute to the educational and extracurricular experiences of students and shall not be in conflict with the overall instructional program as administered by the Superintendent.
Student activity funds are those funds raised or collected for school-approved student groups, gate receipts, and other student activity fees generated within the school for the benefit of students. The City of Baker School Board shall require all student activity funds to be collected and deposited in the school fund pursuant to La. Rev. Stat. Ann. §17:414.3 (B)(2)(a), (b), (d), and (e), and shall be used according to the purpose for which it was generated or the purposes selected by the depositing entities. All money deposited in the school fund pursuant to La. Rev. Stat. Ann. §17:414.3 (B)(2)(c) may be expended at the discretion of the principal provided such expenditures are for the benefit of all or any of the school’s students, faculty, staff, facility, or program.
The principal of each school shall be responsible for all school/student accounts. The principal may assign one or more school staff member(s) to share the responsibility for assuring that accounting records are maintained in accordance with district guidelines. The system of accounting for school monies shall be in conformity with the district accounting procedures. The principal, however, shall have the ultimate responsibility for supervising the accounting functions to be performed at the building level.
The Superintendent is delegated the power to authorize the establishment of a single bank account, preferably an interest bearing one, on which checks may be drawn for each school that engage in fund-raising projects or activities or charge admission fees to athletic events.
All student activity records shall be maintained for five (5) years with availability at the school site.
SCHOOL CLUBS AND ORGANIZATIONS
The School Board shall require all activity funds generated by a club, organization, association, class, athletic team, or any other organization within the school to be deposited into a school fund bank account. Separate records of all financial transactions of the school fund account shall be maintained by the principal for each group. No monies shall be drawn on the school fund account without a request for withdrawal which carries two (2) signatures, one of which shall always be the principal's. No withdrawal shall occur unless the check carries the signature of the principal, or the administrator who assumes his/her duties during his/her absence.
The records of the school account shall be reconciled monthly, and a written report shall be prepared by the principal and submitted annually to the Superintendent or his/her designee, who shall review and consider the report for approval and notify the principal accordingly. The School Board may require and provide for an audit of the school fund of any school within its jurisdiction at any time.
All club or organization related fund-raising activities shall be approved by the principal and may be subject to audits from the central office.
BOOSTER CLUBS/OUTSIDE ORGANIZATIONS
Funds generated by an entity outside the school, such as a parents' club, community, business, civic or other similar type of organization, are considered to be independent funds under the exclusive control and supervision of the club or organization. The Board, however, shall require all such funds, when expended for any school function, activity, or purpose, to adhere fully to all state and federal statutory and regulatory provisions.
In addition, the Board may place restrictions on the donation and usage of any monies by an outside source, i.e. club, organization, or entity, to a school or Board-related entity. Specifically prohibited shall be the donation to an individual employee of the School Board anything of economic value in the form of money, personalized articles, automobiles and/or their use, travel, entertainment or vacations. The Board reserves the right to examine the provisions of any and all prospective donations to a school or Board-related entity to ascertain the propriety of the donation.
Revised: June, 2005
Ref: La. Rev. Stat. Ann. §§17:81, 17:414.3, 51:224
Louisiana Handbook for School Administrators, Bulletin 741, Louisiana Department of Education
Board minutes, 5-24-05, 7-7-05
City of Baker School District