Student Activity Funds
Student Activity accounts are those funds which are owned, operated and managed by organizations, clubs or groups within the student body under the guidance and direction of faculty or staff members for educational, social or cultural purposes. These organizations receive their funding through fundraising events, dues from student member or contributions from other organizations.
Student activity funds must be accounted for and separately reported as an Agency Fund, over which the District has custodial responsibility only, not ownership. Acting as an agent, the district is responsible for maintaining records and properly accounting for the activity within the funds (student body funds).
The Wisconsin Department of Public Instruction requires that the policies and controls over agency funds meet or exceed the requirements that govern other district funds, and that they be in writing and fully accessible to all parties involved with the administration of the funds.