5520 - EXTRACLASSROOM ACTIVITIES FUNDS
5000 - Noninstructional/Business Operations
5520 EXTRACLASSROOM ACTIVITIES FUNDS
Last Updated Date: 10/12/2021
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. All funds in the extraclassroom activities fund shall be kept according to standards of good financial management as prescribed by regulations of the Commissioner of Education and specifically prescribed in the safeguarding, accounting and auditing of extraclassroom activity funds manual.
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, shall set up procedures for receipt and payment from the extraclassroom activities fund in their respective buildings in accordance with commissioner regulations.
8 NYCRR Part 172