BP3452
Business and Non-Instructional Operations
Student Activity Funds
Student organizations may raise and spend money in order to promote
the general welfare, morale and educational experiences of the students.
Student funds shall finance worthwhile activities which go beyond those
provided by the District. Minutes shall be kept of student organization
meetings and shall properly reflect all financial activities.
Student funds shall be managed in accordance with sound business
procedures designed to encourage the largest possible educational return
to students without sacrificing the safety of funds or exposing students
to undue responsibility or unnecessary routine.
With Superintendent approval, student funds shall be held or invested
in one of the following ways:
1. Deposited or invested in a federally insured bank or savings
and loan; or in a state or federally insured credit union. (Education Code
48933)
2. Invested in U.S. savings bonds or obligations. (Education Code 48933)
3. Loaned to other District student organizations or invested in District
property improvements pursuant to Education Code 48936.
Student funds shall be disbursed according to procedures established
by the student organization. All disbursements must be approved by a Board-designated
official, the certificated employee who is the student organization advisor,
and a student organization representative. (Education Code 48933)
The principal or designee shall be responsible for the proper
conduct of all student organization financial activities. The Superintendent
or designee shall periodically review the organizations' general financial
structures and accounting procedures. The Board shall provide an annual
audit of student accounts by a certified public accountant or licensed
public accountant. Auditing cost shall be paid from District funds.




Legal Reference
Education Code
41020 Requirement for annual audit
48930-48938 Student body organization




































Adopted: 9/10/97
Revised: