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4.90 - Activity Funds

Activity Funds
The School Board, upon the Superintendent or designee’s recommendation, establishes student activity funds to be managed by student organizations under the guidance and direction of a staff member for educational, recreational, or cultural purposes.
 
The Superintendent or designee shall: (1) be responsible for supervising student activity funds in accordance with Board Policy, 4:80, Accounting and Audits, and State law, and (2) have all of the responsibilities listed in the Illinois State Board of Education rules for student activity funds. The School Board shall appoint a treasurer for each fund to serve as the fund’s sole custodian and be bonded in accordance with The School Code. The treasurer shall have all of the responsibilities listed in the Illinois State Board of Education rules for school activity funds, including the authority to make loans between activity funds.
 
Unless otherwise instructed by the Board, a student activity fund’s balance will carry over to the next fiscal year. An account containing student activity funds that is inactive for 12 consecutive months shall be closed and its funds transferred to another student activity fund with a similar purpose.
 
LEGAL REF.: 105 ILCS 5/8-2 and 5/10-20.19.
23 Ill.Admin.Code §§100.20 and 100.80.
CROSS REF.: 4:80, 7:325
ADOPTED: October 4, 1999
REVISED: December 21, 2006; October 30, 2008
 
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