Administrative Procedure 511

FINANCIAL ACCOUNTABILITY FOR SCHOOL GENERATED FUNDS (SGF)

Background The Division understands the financial affairs of the Division must be managed in a manner that demonstrates accountability, prudence and planning, and reflects the trust placed in the Division and its staff by the public, and it must comply with related provincial requirements. In providing the authority to schools for generating funds at the school, the Division also understands that it must ensure protection to school staff, students and fundraising volunteers by providing specific administrative procedures for administering, recording and reporting of school generated funds. Procedures 1. The Principal is responsible for all School Generated Funds and Fees. 2. The Principal or designate will administer, maintain financial records of and report on School Generated Funds in accordance with the guidelines prescribed by the Manager of Finance. 3. School Generated Funds and Fees accounts may be subject to an internal or external audit of at the discretion of the Manager of Finance.
Reference: Sections 85, 87, 109, 110, 175 Education Act Public Accounts Regulations

South East Cornerstone School Division Administrative Procedures Manual

June 2011

South East Cornerstone School Division Administrative Procedures Manual

June 2011