Grosse Ile Township Schools
Bylaws & Policies
 

6670 - TRUST AND AGENCY FUND

The Board of Education directs the establishment of a Trust and Agency Fund for the financial administration of scholarships and other trusts operated for the benefit of students and duly approved by the Board.

The Superintendent or designee 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.

Adopted 8/28/07