The Board of Education directs the establishment of a school fund for the financial administration of food service, athletics, and book store activities operated for the benefit of students and duly approved by the Board.

The Treasurer shall be responsible for the administration of the school fund. The fund will be audited annually and will be administered under appropriate accounting controls. The books of account will record income and expenses separately for each approved activity.

Procedures shall be established for the daily deposit of monies collected which require that no monies be left in the schools overnight. The Board will not be responsible for monies remaining in the schools overnight.

All payments for supplies, equipment, and services for the co-curricular program will be made in accordance with established purchasing procedures of the District.