The attached publication (Publication-464) will help you to understand the accounting policies our school follows regarding Student Body Funds. The do's and dont's on many topics. Some of the topics include:
- What are They…and How Can My School Get Them?
- Fundraisers…What Can and Can’t Be Done
- “A-Thons” or Endurance Contests
- Food Sales
- Fundraising “Drives
- Book Fairs
- Non-Instructional Professional Programs
- Talent Show
- Faculty Entertainment
- Lectures
- Festivals
- Student Body Bank Accounts
- Photography
- Publications
- Yearbooks
- Salvage Drives
- Rental of Student Body Owned Equipment
- Expenditures…What Can and Can’t Be Done
- Special Notes on Equipment Purchase Contracts
- Prohibited Student Body Expenditures
- We’ve Earned Them…How Do We Safeguard Them?
- Bank Deposits/Investments
- Check Cashing and Acceptance
- We’ve Earned Them and Kept Them Safe…How Do We
- Account for Them?
- Types of Student Body Accounts
- General Student Body Fund
- Project Reserve Accounts
- Clearing Accounts
- Trust Accounts
- Cash Donations to the Student Body
- Parent-Teacher Associations and Approved Parent Groups
- Booster Clubs