8/9/2019 4.17 - Internal School Accounts

1/1

BUSINESS SECTION Policy: 4.17

INTERNAL SCHOOL ACCOUNTS

All funds derived from extracurricular school activities, such asentertainments, athletic contests, club dues, materials fees and otheractivities of the school involving school personnel, students or propertyshall be classified as internal school accounts and shall be administeredin accordance with regulations of the State Board of Education and theFalls Church City School Board regulations.

All funds received in connection with school activities shall be handledunder the budgetary control of the administration.

The Superintendent shall make an annual report to the Boardconcerning the balances in the internal school accounts.

The School Board shall receive annually a report on budgets andfinancial activity within each school activity fund.

Legal Reference:

VA State Board of Education, Regulations, "School Activity Funds(Internal Accounts)" (Sept. 1980), page 83.

"All funds derived from extra-curricular school activities, such asentertainments, athletic contests, cafeterias, club dues, etc., and fromany and all activities of the school involving school personnel, students,or property, are hereby classified as school activity funds (internalaccounts). The local School Boards shall be responsible for theadministration of these regulations in the schools under their control,and may determine which specific funds in any school may be excludedfrom those subject to these regulations. (Funds defined by law as publicfunds are not subject to these regulations and are to be handled asprovided by law.)"

VA State BOE Guidelines, School Activity Funds, (March, 1989)

Adopted: 9/17/74 Revised: 1/14/98_______________________________________________Falls Church City Public Schools