|Genesee Intermediate School District|
|Bylaws & Policies|
6670 - TRUST AND AGENCY FUND
The Board directs the establishment of a Trust and Agency Fund for the financial administration of scholarship and other trusts operated for the benefit of students and duly approved by the Board.
The Assistant Superintendent for Business Services shall be responsible for the administration of the Trust and Agency 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 area.