BUSINESS SECTION Policy: 4.

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INTERNAL SCHOOL ACCOUNTS

All funds derived from extracurricular school activities, such as

entertainments, athletic contests, club dues, materials fees and other
activities of the school involving school personnel, students or property
shall be classified as internal school accounts and shall be administered
in accordance with regulations of the State Board of Education and the
Falls Church City School Board regulations.

All funds received in connection with school activities shall be handled

under the budgetary control of the administration.

The Superintendent shall make an annual report to the Board

concerning the balances in the internal school accounts.

The School Board shall receive annually a report on budgets and

financial 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 as

entertainments, athletic contests, cafeterias, club dues, etc., and from
any and all activities of the school involving school personnel, students,
or property, are hereby classified as school activity funds (internal
accounts). The local School Boards shall be responsible for the
administration of these regulations in the schools under their control,
and may determine which specific funds in any school may be excluded
from those subject to these regulations. (Funds defined by law as public
funds are not subject to these regulations and are to be handled as
provided by law.)"

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

Adopted: 9/17/74 Revised: 1/14/98

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Falls Church City Public Schools
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