Definition and Purpose of Activity Funds

The activity funds have been defined as funds consisting of resources received and held by each school to be expended or invested in accordance with conditions of the fund.  Specifically, they are all funds accumulated from the collection of student fees and various district-approved money raising activities.  Activity funds are to be used solely for the welfare, educational development and morale of students. Each school, with appropriate approval of the Superintendent, may maintain a student activity fund.  That fund will encompass the care and administration of those activities and functions relating to student and faculty programs.  The administrative policy of the fund shall be that income received for a specific function shall be disbursed only for that function.  Upon the dissolution of any function, the school principal shall insure that any liabilities of that function are liquidated; the remaining function assets shall be transferred to the account of the general Principal activity fund.