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ACCOUNTING FAQ

 

The following is provided by FCMAT:

 

Are there any instructions on developing Student Body Organizations?

Use of left-over student body funds for class reunion 

Fundraiser by non-student body organizations 

Recommended wording for policy regarding ASB funds 

Is it legal for the student body to hold a raffle to raise funds?

Can we use ASB funds to pay stipends to coaches?

What is our authority over booster clubs?

Are student stores limited to the number of food sales? 

Can substitutes be paid from the student body fund? 

Can we use ASB funds to pay for a substitute?

Carryover funds for ASB accounts

Can you use student funds to pay teacher salaries?

May an ASB donate money to the district to make improvements?

What is the difference between a student body account vs student activity account?

Are we required to obtain ASB approval to have ASB pay the portion of a position that is ASB?

Can we charge the ASB for bookkeeping costs?

Can you use ASB funds to pay supervisors of athletics?

Does the advisor to a student club have to be a teacher?

Are there regulations for carryover on ASB funds?

Do you know where I can obtain guidelines regarding scholarships/trusts?

Fundraisers

Is the ASB responsible for the deficit that was created?

Can unused monies be spent on a reunion?

The district has discontinued the ASB Stipend. Is there any way for the ASB to pay the remainder of that stipend?

Do you have a sample resolution that allows us to open a checking account for the ASB?

I have a question about raffles from the ASB Accounting Manual?

Clarification regarding paying of a salary

Are there guidelines regarding ASB funds used for scholarships?

How should an ASB bookkeeper at a high school be paid?

Can you purchase library books from an ASB account?

Can our school group sell pies prepared from home?

Is it allowable for an organized ASB club to hold a rummage sale for a fundraiser?

Trust accounts in organized vs. unorganized ASBs

Legal codes regarding ASB tax identification number

Conference attendance for ASB advisers

Must ASB fund-raising monies be deposited daily?

Is an ASB silent auction allowable?

Can the ASB reimburse a teacher for conference costs?

Use of ASB funds for scholarships

Purchase of athletic uniforms using ASB funds

Handling cash from charity fund-raisers

ASB funds for field trips

Reimbursing volunteers with ASB funds

Distribution of interest earned on ASB funds

ASB usage of credit cards

PTA: Is the term specific or generic?

May teachers conduct field trip fund-raisers?

Limit on bake sales

Do fund-raiser revenues go to PTO or ASB?

What type of campus beautification may an ASB fund?

May an ASB purchase classroom books?

Can we use ASB funds for the Activities Director to attend a CADA conference?

What is the correct procedure when receiving checks from CIF?

Are students allowed to make donations to a charitable organization?

Can an ASB Student Store be run by a District paid Clerk?

Are there ASB policies for Adult Schools?

Can the salary for a finance clerk be paid from the ASB account?

Do I report sales tax on snacks from the student store?

Can you have a fundraiser and distribute monies to only those who participated?

Can District personnel be signers on ASB accounts?

Are scholarships allowed and is there a maximum amount?

How do we get money out of our ASB account that should not be there?

What are the legal requirements for an ASB account of a closing school?

Who is responsible in completing the ASB tax return?

Are there limitations on ASB food sales?

Can an unorganized student body purchase new trees for the campus?

Can the selling of mandatory uniforms be used as a fundrasier?

What is the best way to handle the reporting of sales tax?

Should the coach get approval from the team to spend the team funds?

Is a Junior High School ASB considered non-profit?

Under what circumstances would a water only vending machine be permissible?

Please provide clarification on CAC Title 5 15500 and 15501.

Can money raised by a child be transferred with the student to the new school?

Do club advisors need to be certificated?

Can I pay a student to collect money at our basketball games?

Can we deposit money collect for lost and damaged textbooks in our ASB account?

Can the ASB students collect tips at the store during events?

What is the penalty for holding raffles?

Can ASB clubs charge due or fees to join?

Are we exempt from collecting sales tax?

Is it legal to pay a student to clean after a weekend event?

Is it a conflict to pay for services in advance?

Can ASB legally pay for the Activities Director to attend the CADA conference?

Can a student store be run by an ASB Trust Club?

Can the ASB budget be adjusted mid-year?

Are sales by the PTA considered PTA or student funds?

Are non-academic student clubs allowed to fund raise on campus?

Education Code Section 51520: regarding soliciting funds in the classroom

Does fundraising fall under the competitive food sales regulations?

Can you pay an outside instructor through an ASB fundraiser?

Is the purchase of Spirit Packs permissible?

Can you charge clubs an administrative fee?

Can we purchase two-way radios with ASB funds?

Can an AP teacher raise funds for their classroom?

When would it be proper for ASB funds to purchase classroom computers?

Can ASB funds be used to pay subsititutes?

Can a high school have an active ASB without elected officers?

How do you dissolve a Booster Club?

Can money collected for a educational trip be deposited in the student body account?

Is it permissible for the PTA to take over the after school food sales?

Can a Middle School operate a daily Student Store with food sales?

Is a Fund-raiser for charity organized by Teacher permitted?

Can a school circumvent the ASB rules by moving their monies to other accounts?

Are ASB donations tax deductible?

Where should monies from fundraising activities go through ASB vs. a Booster Club?

Can Booster Club and Student Body funds be commingled?

Should monies from band and chorus be considered ASB or put into Parent Club?

Are business academy sales considered a prohibited solicitation?

Is selling food items under the umbrella of student council allowed?

Are solicited funds tax exempt?

Do we need to obtain a Form W-9 before Sport Officials are paid?

Is creating booster clubs a way to circumvent ASB regulation?

Is it legal for the Activities Office to lend monies to the Football team?

Can an Athletics club purchase a washing machine with ASB funds?

Are donations from ASB accounts prohibited?

Who should track fundraising monies?

Is it appropriate to sell advertising to local businesses?

Can ASB activities be delegated to a school secretary?

Is offering an item of equal value in exchange for purchasing admittance legal?

Is it legal to use the ASB account as a pass-thru account?

Is there an education code prohibiting scholarships issued from ASB funds?

Are student activities such as football, band, etc., considered ASB groups?

Can ASB funds purchase a computer for the ASB secretary? 

Can Athletics Trust buy a lawn tractor or is it the districts responsibility?

Can a club give individual credit to each student for items sold?

Is it legal to refund money to parents for cheerleading uniforms and camp fees?

Who has discretion over Class accounts?

Positive press vs. ASB regulation regarding donations?

Can ASB money be earmarked for foreseeable future expenditures?

Can a club be dissolved?

Can field trips be funded through ASB?

Can a senior class pay for accomodations for a prom advisor with ASB funds?

Unapproved solicitation by a teacher for a fundraiser, is the money returned to the teacher?

Can a diploma be withheld for a nonsufficient check on file with ASB?

Does ASB allow tipping the Pizza delivery person?

Can a coach pay for team camp fees from the volleyball team account?

Can a dept. set up a club and then run a year long fundraiser?

How does an ASB keep track of fundraising donations?

Can sales tax be charged on fundraisers?  

Can a coach be paid with ASB Athletic funds?

Are quotes required prior to approval to spend club money?

Can ASB be required to pay for business office operating supplies?

Is it legal for ASB funds to pay for clerical help?

Can trust accounts be established within the ASB?

Can debit cards be used by administrators making purchases for ASB?

Is it appropriate to pay a stipend to school secretary or bookkeeper from ASB funds?

Into what account should booster club funds be deposited to?

Is it appropriate for the Associated Student Body to enter into a multiyear agreement with a yearbook vendor?

Can ASB funds be used to pay for activities on a school day field trip?

Can ASB funds be used to pay for transportation or admission on a class field trip?

What kind of accounts can be set up in ASB accounts?

Can ASB funds be used to send bookkeepers to workshops, or pay their salaries?

Can ASB funds be used to pay for a booster club's transportation cost to an event?

What is the policy on fundraiser events taking place before student council approval?

Do cafeterias involved in ASB fundraisers on campus have to follow ASB procedures?

What are the new state regulations regarding food items to be sold during ASB reserved days?

What is appropriate use of ASB Funds?

Does food service have the authority to allow cooperative venture on vending?

Is it acceptable for teachers to accept cash for fundraisers and then reimburse themselves?

Can secondary schools in a district sell school uniforms as a fundraiser?

Can a parent who has purchased supplies be reimbursed?

Can ASB profits be distributed to all trust accounts?

What are the regulations/laws governing balances carried over in ASB?

Is student ASB membership required to participate in ASB funded activities?

Can fines be charged for overdue library books?

What ASB purchases are considered supplies and is a donation form required for checks made out to a school ASB?

What are the ASB guidelines regarding debit cards, athletics and workshops?

Can a ASB fund carry a savings account?

Is sales tax applicable on PE clothes sold to students, even though sales tax is paid at the time goods are purchased?

Can students be asked to pay for uniforms needed to participate in a schools athletic program?

What is the policy on signatures required on ASB checks?

What is the time limit on ASB funds left over from previous years?

Is a gym membership fundraiser considered a legitimate fundraiser for ASB?

Should all expenses that are approved by the ASB budget, be included in the ASB minutes?

Can ASB designate the school booster club to run the student store and vending machines?

Can a principal obligate us to split game gate reciepts with the school that is letting us use their football field?

Should scholarship checks be addressed to the student or the college/university the student will be attending?

Can one ASB program be required to pay differently than another under the same district?

Can ASB funds raised by the student be used to fund a end of year reward weekend trip?

What happens to funds for clubs that are inactive?

Can ASB funds be used to pay for a Christmas party for High School Staff?

How many fundraisers can a middle school do per day or week?

Can donations be made from ASB funds?

What is the policy on carryovers for unexpended balances?

Can a coach use Track Club ASB funds to be reimbursed for conference travel expenses?

Can ASB funds be used to give out loans to other clubs?

Is it legal for ASB purchases to be made on a district credit card?

Does ASB or the district have to pay sales tax for out-of-state purchases?

What are the policies on ASB donations to other entities?

What are the guidelines regarding vending machines operated by ASB?

Should one person handle ASB transactions from initiation to reconciliation?

Can a school use ASB funds to purchase emergency supplies for all classrooms?

Can donations be made to nonprofit organizations, students or families in need?

Can ASB funds be used to pay hotel expenses of transportation staff?

Should an ASB pay vendors directly or reimburse for items purchased?

Does the governing board need to approve yearbook budget?

How many times a year is a child able to do fund-raising?

Serving of non-prepackaged food at after school activities

Can we use ASB funds to purchase t-shirts for our student council members?

ASB - Various questions

Can scholarships be awarded from ASB funds?

Can funds raised by ASB be donated to needy family?

Who pays for paint used to line fields for athletic events?

Should student treasurer sign ASB checks?

Can ASB funds be used for accommodations, special workshops, mileage, etc?

Should student representatives to School Site Council be member of ASB Student Council?

How do you get ASB into non-profit status?

Allowable ASB expense or 'gift of public funds'?

Can ASB funds be used for transportation to school orientation?

Disbanding school clubs

Purchase of Capital Outlay item from ASB funds

Disbanding school club

Can ASB pay chaperones who are also staff members?

Can ASB Club sponsor a student to purchase a dance costume? 

When writing a check to fund a cash box, to whom should it be written?

How does a new club start fund-raising if they don't have funds to buy products to sell?

What are the requirements for student store advisor?

Can items of more significance be auctioned at a higher price?

Can photo frames be purchased from ASB funds and used as an incentive for students to buy Junior Prom tickets quickly?

Are there any restrictions on after school fund-raising in secondary schools?

Who pays for athletic uniforms?

Are school play tickets handled the same as athletic event tickets?

Is an advisor responsible for payment of non-preapproved purchase if there aren't sufficient funds in account?

Clarification between donations and fund-raising

Can students fund-raise by using verbal or silent auctions or selling donated items on Ebay?

What restrictions are on scholarship funds?

Can Drama club use their funds to pay for registration fee for a charity event?

How do you handle student body activities with Small Learning Communities?

Can ASB funds be used to help replace a student's stolen Ipod?

Booster club questions

Scholarships

Payment of buses from ASB funds

Questions regarding use of ASB funds

Must a certificated club advisor attend all events?

Is this an allowable ASB expense?

Can ASB club donate money for wrestler to attend National Wrestling Championships?

Can Drama club hold a fund-raiser to pay expenses of teacher to travel to England for special training?

Does ASB have to pay late fees?

Can a bingo/poker night be held at high school? Can students attend?

Secondary school food sales policy

Do Fund-raising Event Profit forms need to be completed for all money raised?

Does a coach have the right to see the financial accounting of the booster club?

Student donations for end-of-school year Field Day

Can door prizes be given away at school dances?

Is this fund-raiser a raffle?

Can club advisor be reimbursed for purchase made without prior approval?

How should student funds/equipment be divided when new school opens and some students will transfer from existing school?

Can student basketball referees be paid from ASB funds?

Can we ask parents to contribute to field trip costs and tell them it is non-refundable if their child doesn't attend?

What is the law about charging fees?

Can substitute be paid by ASB funds when teacher is on service class field trip?

Can ASB funds be used to send teachers to CADA conference?

Fund-raiser or raffle?

Can a coach's hotel stay, for a volleyball tournament, be paid by ASB?

Are booster clubs allowed to use school address on their bank checks?

Can fees be charged for band uniforms and art and wood shop items?

Should AP exam fees be processed through the district's regular financial system?

Do we have to prepare and submit schedule of student body fund-raising events to the board of education?

Student body compliance

Can classroom supplies be purchased with extra-curricular funds?

How should funds raised by band, choir, orchestra and drama classes be handled?

Our extracurricular sports 'clubs' don't have officers or formal meetings. Should they?

Is it ok for athletic groups to charge members fees for transportation, uniforms, etc?

Can an elementary ASB invest money in an interest earning CD?

Can an adult school start an ASB and would we use the FCMAT ASB Manual for guidance?

Is there an Education Code section regarding cash awards?

Does the student council have to follow the Brown Act?

What needs to be done when a school opens a student store?

When should we charge and report sales tax?

Can ASB funds be carried over from year to year? How much authority does district personnel have over ASB accounts?

Can money that was fund-raised by a graduating class be deposited in account for use in the future for class reunions?

Can district funds be used for student travel out-of-state or country?

If companies charge for estimates, how should we go about getting three estimates for a sound system in our gym?

Can fees be charged for band uniforms, art and wood shop supplies?

What are the new school nutrition requirements?

Can a high school club donate money from a fund-raiser to a non-profit organization?

Can the sale of PE clothes be a fund-raiser?

If an athletic team does fund-raising, where should the funds be deposited?

Is it legal for ASB to pay for school bookkeeper's salary?

Can a Rotary sponsored high school club raise funds for charity?

What food items can we sell during Food Fairs?

Money collected by parents of sport teams must be kept separate from ASB and school funds.

Can a booster club loan money to the ASB?

Who pays for portable toilets for athletic events?

How do we handle excess money given at fund-raisers (i.e.-extra money given for car wash)?

Can a teacher have bake sales to help fund raise money for her personal vacation trip?

Are special school programs allowed to use student body funds?

How should non-district employees be paid for work performed at sporting events?

Can a parking ticket for a rented van for an away tournament be reimbursed by the ASB or district?

Who should pay for ASB bookkeeper services?

Can ASB funds be used to purchase gift for secretary?

If a Booster Club donates funds to an ASB, who then controls the use of the funds?

How should money being donated for senior scholarships be handled?

Who controls funds for Grad Nite?

Do you have to have all three authorized persons approval to expend funds? Can one override the other?

Can students solicit funds for field trips?

Can credit earned by a school be used to purchase books for a needy school?

Can Library Donation ASB funds be used to pay for hourly help in the library?

Can ASB funds be used to pay for substitute teachers during eighth grade practice for promotion?

Can scholarships be made from the ASB fund and be payable to the student?

Can a Booster Club make a cash donation to an ASB account?

Are CIF athletic school teams (not club teams) required to have a constitution on file?

Is it okay to use ASB account funds to contribute towards Senior Grad Night being run by the Booster Club?

What happens to and who can use money deposited in ASB accounts?

How can we turn a donated car into a school fund-raiser?

Can ASB pay for new accounting software?

Can we hold a fund-raiser for the City's performing arts center?

Can a student group/organization donate to another student group?

Can ASB funds be used to pay for repair of broken window caused by golf team?

Does the executive body of the ASB class have the authority to raise the price of ASB cards without a school-wide vote?

Should the student body checks be ratified by our board?

Can ASB funds be used to pay for rental of tuxedos and dresses to be worn by honor court at graduation ceremony?

Are club donations to needy families gifts of public funds?

Do State nutrition guidelines need to be followed exactly?

If ASB officers aren't elected until the start of school, is ASB business 'on hold'?

Can ASB funds be used to pay partial cost for ASB officers and commissioners to attend a camp during the summer?

Can ASB funds be used for an outing for the ASB officers, commissioners, and representatives?

Can ASB funds be used to pay for additional class advisors?

Can ASB give money to an outside organization?

Is it okay to pay a gratuity from ASB funds if students approve of it?

Can we mandate purchasing a specific P.E. lock to be used by high school students?

How should ASB account interest earnings be handled?

Can funds be deposited in general/admin account within the ASB if fund-raiser is unspecific as to who will receive the funds?

Can schools donate articles to a community fund-raiser raffle which will benefit the students?

Can a principal's discretionary account be within the ASB account?

Can fees be charged for student parking and what are the guidelines?

If a home ec class raises money for classroom supplies, will the proceeds have to be deposited in the general fund?

What foods are allowed to be sold or used as a fundraiser on a high school campus?

Can ASB funds be used to pay for teacher and student meals at a yearbook conference?

Can ASB funds carried over from last year be used to pay for uniforms that the girls keep?

Is it illegal for ASB's to participate in raffles and students under 18 to sell or buy raffle tickets?

If students approve the expenditure, can a coach pay membership dues to an athletic association from the club account?

What are the nutrition guidelines and can we use ASB funds for pizza parties, ice cream, etc?

Where can I find templates for ASB bylaws and constitution?

Can we limit purchase of PE clothes to those offered at our schools?

Can a PTC club, such as boosters, run a student store at a school site?

How do clubs gain access to their funds if there is no ASB advisor or student officers?

Can all fund-raising be done through the PTSA?

Can ASB/Trust money be used to buy food for the kids at freshman orientation?

Can a family associated with a memorial fund hold a bunko fund-raiser using the district tax ID number?

What are the regulations for holding bake sales during or after school?

Can student government pass a motion/resolution to disburse funds from one year to another without yearly reauthorization?

Can ASB funds be commingled with 'Team' fund-raiser funds?