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

The bookkeeper shall be responsible for the administration of the Trust and Agency Fund. The Funds 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.

66.0603, 120.11, Wis. Stats.

Revised 2/19/07