FILE:  JHB

Cf:  JHB-R

ACTIVITIES FUND MANAGEMENT

It shall be the policy of the Iberville Parish School Board that all monies received by the school from the School Board and/or all monies collected in the name of the school for school related purposes by student, parents, school personnel, and school patrons shall be under the custody and control of the principal.  The principal shall be responsible and accountable for said funds.

The treasurer and/or designated officer of student and/or school related organizations shall keep a record of said organization's account (including receipts and disbursements; however, said funds shall be deposited in the general school account and incorporated in the general accounting records maintained by the school.)

The Superintendent shall be responsible for exercising control over all fund raising activities.  He/she or his/her designee shall establish and maintain administrative regulations governing all school related fund raising activities.  Such activities shall be continually monitored to assure proper management of all funds.  The system of accounting for school monies, including club dues, monies collected by students, parents, school personnel, and school patrons in the name of the school and/or for school related purposes, or any fund raising activity, shall be in conformity with the system of accounting recommended by the Board and other appropriate authorities.

Officers of the affected school-sponsored organization, the sponsor of that organization, and the principal shall jointly determine use of such funds.

Ref:   La. Rev. Stat. Ann. §§17:81, 51:224

Iberville Parish School Board