Business & Non-Instructional Operations
|
3452-BP |
STUDENT BODY FUNDS
Education Code 48930 authorizes the Governing Board to establish
regulations that govern the operation and management of student organizations.
Education Code 48937 requires the Board to provide for the supervision of all
funds raised by any student body organization or student organization using the
name of the school.
Student organizations may raise and spend money in order to promote the
general welfare, morale and educational experiences of the students. Student
funds shall finance worthwhile activities which go beyond those provided by the
district. Minutes shall be kept of student organization meetings and shall
properly reflect all financial activities.
Student funds shall be managed in accordance with sound business
procedures designed to encourage the largest possible educational return to
students without sacrificing the safety of funds or exposing students to undue
responsibility or unnecessary routine.
With Governing Board approval, student funds shall be held or invested
in one of the following ways:
1.
Deposited or invested in a federally insured bank or savings and loan;
or in a state or federally insured credit union. (Education Code 48933)
2. Invested in
3. Loaned to other district student
organizations or invested in district property improvements pursuant to
Education Code 48936.
Student
funds shall be disbursed according to procedures established by the student
organization. All disbursements
must be approved by a Board-designated official, the certificated employee who
is the student organization advisor and a student organization representative. (Education Code 48933)
The principal or designee shall be responsible for the proper conduct of
all student organization financial activities. The Superintendent or designee
shall periodically review the organizations' general financial structures and
accounting procedures.
The Board shall provide an annual audit of student accounts by a
certified public accountant or licensed public accountant. Auditing cost shall
be paid from district funds. (Education Code 41020)
|
Legal
Reference: |
Education
Code |
Section
41020 |
Requirements
for Annual Audit |
|
|
|
Section 48930-48938 |
Student
Body Organizations |
|
|
|
Section 51520 |
Fund-raising
Activity Provision |
|
|
|
Section
51521 |
Fund-raising
Activity Provision |
|
Policy adopted: |
|
|
Policy revised: |
|