Section 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.N.H. Admin. Code § Rev 1105.02
#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