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 student organizations.

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 Board authorizes the maintenance of approved student activity funds.

All activities shall be on a self-sustaining basis.

The Director of Support Services shall be the Treasurer of the student activities fund. S/He may delegate responsibility to a building secretary(ies).

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

Interest earned on the activity account will be allocated to each class or activity.

Misappropriation of activity funds, which includes theft or any other misuse of funds, will result in discipline up to and including suspension, expulsion and/or termination.

Following graduation, the unexpended funds of the Senior Class will be transferred to the Freshman Class.

After one (1) year of inactivity, the unexpended funds of discontinued student organizations shall, on the recommendation of the Principal and the approval of the District Administrator, be transferred to the General Fund (Fund 10).

120.16(2) Wis. Stats.