N.H. Admin. Code § Rev 1105.02 - Activity Funds
(a) Activity funds shall be specific funds
for activities that are school related but not part of regular instructional
activities.
(b) Activity funds may
take the form of governmental, fiduciary or proprietary funds as described
above.
(c) The school board shall
be responsible for all activity funds in the LEA.
(d) All activity funds shall be audited by
the auditor of record.
(e) If any
portion of the activity fund revenue is financed from tax monies, the budget of
that fund shall:
(1) Show all revenues and
expenditures; and
(2) Be reported
on required annual forms;
(f) When 100 percent of the revenue in the
activity fund is raised by students, the revenues and expenditures shall not be
reported on the annual reports required by the department of revenue
administration.
Notes
#5072, eff 2-21-91, EXPIRED 2-21-97
New. #6476, eff 3-26-97; ss by #6869, eff 10-20-98; ss by #8306, eff 3-22-05; ss by #10304, eff 3-22-13
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