005.01.07 Ark. Code R. 006 - ADE 284: Rules Governing the Use of Net Athletic Gate Receipts by Public School Districts

1.00 Regulatory Authority

1.01 These rules are enacted pursuant to the Arkansas State Board of Education's authority under A.C.A. §§ 6-11-105, 6-20-415, and Act 1043 of the 2007 regular session.

1.02 These rules shall be known as the Arkansas Department of Education Rules Governing the Use of Net Athletic Event Gate Receipts by Public School Districts.

2.00 Purpose

2.01 The purpose of these rules is to establish the procedures for public school districts to follow in coding and reporting athletic expenditures that are paid from net athletic event gate receipts.

3.00 Definitions

For the purposes of this rule, the following terms shall mean:

3.01 "Net athletic event gate receipts" means the amount remaining from fees collected for admission to a school district athletic event less any expenses paid by the school district from those gate receipts.

3.01.1 "Net athletic event gate receipts" shall include revenues generated from the sale for reserved seating and the amount collected for admission to a school district athletic event less any expenses, including any rental fee for a facility used for an athletic event.

3.02 "Net athletic event gate receipts" does not include any portion of admission fees charged by a school district for an athletic event held at the school district or at a facility leased or rented by the school district that is remitted or passed through to another entity outside the district.

4.00 Procedures

4.01 Beginning in July 2007, school districts shall establish a separate fund for athletic event gate receipts.

4.02 Revenues and expenditures from the athletic event gate receipt funds shall be tracked and reported.

4.03 The local school board must approve the use of net athletic event gate receipts to purchase athletic awards for students participating in school-sponsored activities.

4.04 The school district shall not expend from net athletic event gate receipts more than an average of $100 per student participating per activity.

4.05 School districts may access private funds to purchase athletic awards.

Notes

005.01.07 Ark. Code R. 006

1/7/2008