5520 - Extra classroom Activities Fund

Policy:  Extra classroom Activities Fund	Policy Number: 5520
Date of Original Policy: 07/10/2002	Date Revision Adopted: 11/06/2019
Reviewed by Policy Committee: 09/20/2019	Date of Next Review: 09/28/2022
Replacement of Policy Number:

An extra classroom activity fund shall be established for activities conducted by students whose financial support is raised other than by taxation or through charges of the District. All funds in the extra classroom activities fund shall be kept according to standards of good financial management. Proper books will be kept and all monies deposited in appropriate accounts as set up by the Board of Education. These accounts shall be subject to audit.  

All transactions involving extra classroom funds shall be on a cash basis and no accounts shall remain unpaid at the end of the school year. The building principals, with approval of the Superintendent of Schools, shall set up procedures for receipt and payment from the extra classroom activities fund in their respective buildings.  

8 New York Code of Rules and Regulations (NYCRR) Part 172