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.

All other 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 may be established in the fund(s) an account for the use of needy students to be disbursed at the discretion of the Superintendent.

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 transferred to the building general account within three (3) years if discontinuance of the activity.