5520 - EXTRACLASSROOM ACTIVITIES FUNDS
5000 - Non-Instructional/Business Operations
5520 EXTRACLASSROOM ACTIVITIES FUNDS
An extraclassroom activity fund shall be established for activities conducted by students whose financial support is raised other than by taxation or through charges of the Board of Education. All funds in the extraclassroom activities fund shall be kept according to standards of good financial management. Proper books will be kept and these accounts shall be subject to audit.
All transactions involving extraclassroom funds shall be on a cash basis and no accounts shall remain unpaid at the end of the school year. The Building Principals, with approval of the Superintendent of Schools, shall set up procedures for receipt and payment from the extraclassroom activities fund in their respective schools.