3453 - Activity Funds
Consistent with State Statutes, the Board of Education will approve the existence of activity funds to provide supplemental educational opportunities to the district students and to provide for other specific purposes the Board considered desirable.
The establishment of activity funds will be approved by Board action. On an annual basis, the Board will consider the continuance of existing funds.
The Superintendent of Schools or his designee will approve signatories for the expenditure of all authorized activity funds.
Funds will be administered and maintained in accordance with rules and regulations established by Board action. Earned interest will be allocated annually to all sub-accounts on a pro-rated basis.
Legal Reference: Connecticut General Statutes
10-237 School activity funds.
Policy adopted: April 4, 2017
NEWTOWN PUBLIC SCHOOLS, Newtown, Connecticut