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 the student body organization.

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 Superintendent is directed to obtain annually a list of the activities of each fund prior to the start of the new fiscal year.

The Board authorizes the maintenance of student activity funds as approved by the Board.

The Board may facilitate the co-curricular program by providing up to one-half of one percent (1/2 of 1%) of its annual operating budget to help defray the cost of the activities.

All other activities shall be on a self-sustaining basis.

The Superintendent shall be the treasurer of the student activities fund. S/He may delegate responsibility to the building principal.

Fund raising for all student activities will be in accordance with Board Policy 5830 and Policy 9700.

All monies accumulated in the account of a specific class or activity will, upon the discontinuance of the activity, be disposed of in accordance with the recommendation approved by the Superintendent.