It is the purpose of this policy to establish financial controls for the administration of the normal, legitimate, co-curricular and extra-curricular activities of student organizations.

Each activity covered by this policy must be recognized by the Board of Education before monies can be collected or disbursed in the name of said activity. The District Administrator is directed to obtain annually a list and brief description of the objectives, activities, and limitations of each fund prior to the start of the new fiscal year.

The Board authorizes the maintenance of approved student activity funds.

All activities shall be on a self-sustaining basis.

The Building Principal shall be the Treasurer of the student activities fund. S/He may delegate responsibility to a financial secretary.

There shall be established in the fund(s) an account for the use of needy students to be disbursed at the discretion of the District Administrator

Misappropriation of activity funds, which includes theft or any other misuse of funds, will result in discipline up to and including suspension, expulsion and/or termination.

After one (1) year of inactivity, the unexpended funds of discontinued student organizations shall, on the recommendation of the principal and the approval of the District Administrator, be transferred to Fund 60.

120.16(2) Wis. Stats.