Cut Bank School District
FINANCIAL MANAGEMENT 7425
Extra- and Co-Curricular Funds
The Board is responsible for the establishment and management of student extra- and co-curricular funds. The purpose of student extra- and co-curricular funds shall be to account for revenues and disbursements of those funds raised by students through recognized student body organizations and activities. The funds shall be deposited and expended by check in a bank account maintained by the District for student extra- and co-curricular funds. The use of the student extra- and co-curricular funds is limited to the benefit of the students. Students shall be involved in the decision-making process related to the use of the funds.
The Board shall adopt accounting procedures for administration of the student extra- and co-curricular funds and appoint a fund administrator.
Legal Reference: § 2-7-503(d), MCA Financial reports and audits of local government entities
§ 20-9-504, MCA Extracurricular fund for pupil functions