Accounting procedures for public school activity funds and student fees
INTRODUCTION Today's schools recognize co-curricular activities as an essential part of the whole education of students. Student fees, a charge by schools for services that go beyond the usual services offered, are increasing in type and amount. Because the school recognizes these monies, in the eyes of the public, it has a responsibility for these funds. STATEMENT OF THE PROBLEM This study was conducted to determine accounting guidelines for reporting student fees and activity funds found in Wisconsin public schools. Specifically, this study investigated the responsibility for these funds, the major types of funds, and determined what guidelines are appropriate. PROCEDURE Literature related to the field of student activity funds and fees was surveyed. A questionnaire was sent to every Wisconsin school district with an enrollment of more than 400 students. The questionnaire was evaluated to determine the major types of student activity funds and fees, and what some of the current practices were in the schools surveyed. On the basis of the questionnaire and related literature, accounting guidelines were determined. CONCLUSION Conclusions of the research indicate that the school board has the ultimate responsibility for activity funds and student fees, but this authority is usually delegated to the superintendent and/or principal. The major student activity funds and fees were established. Accounting guidelines and policies were recommended for the possible implementation by school districts. The study revealed that the accounting guidelines were needed, and would aid school administrators in the school business management area of their administration.