An extraclassroom organization fund shall be established for activities conducted by students whose financial support is raised other than by taxation or through charges of the Board of Education.

All extraclassroom organizations shall be approved by the Board of Education. Each extraclassroom organization shall have a faculty advisor appointed by the Board of Education. A Central Treasurer shall oversee all financial aspects of extraclassroom organizations. The annual District audit will include all extraclassroom organization funds.

All commitments and contracts shall be the sole responsibility of the extraclassroom organization giving rise to the transaction, regardless of a change in advisors, membership or officers.All extraclassroom organization funds shall be handled in accordance with the financial procedures illustrated by Finance Pamphlet No. 2, the Safeguarding, Accounting and Auditing of Extraclassroom Organization Funds, published by the New York State Education Department. 

Funds of discontinued extraclassroom organizations, those inactive for two (2) consecutive years or two (2) years consecutive years of graduated classes shall revert to the account of the following:  

Discontinued Account          revert to          Account

Elementary Accounts                                  Elementary Student Council

Middle School Accounts                              Middle School Senate

High School Accounts                                 Leadership/Student Council

and shall be expended in accordance with the organization's constitution

8 New York Code of Rules and Regulations (NYCRR) Part 172