Funds raised by students or from student activities are the property of and shall be under the financial control of the school district. Students may use these funds for purposes approved by the administration. Funds remaining in the fund after the graduation of the class shall revert to the school district.
It shall be the responsibility of the board secretary and treasurer to keep student activity funds up-to-date and complete.
Legal Reference: Iowa Code §§11.23, 256.8(7), 291.13 (1991)
281 Iowa Admin. Code 12.3 (3)
Cross Reference: 504 Student Activities
801 Financial Accounting System
Approved: 4-23-92
Reviewed: 1-08-24
Revised: 4-14-97
