Procedure
Procedure 4900.4 - Classification of Funds Collected at Site
1. | PURPOSE OF REGULATION| Policy #4900 – Management of Site Based Funds, section 2.2, provides the general method by which funds are classified as being district revenue or local revenue - which is the principle of matching revenues and expenditures. “When revenue is realized from an activity paid for from district expenditure accounts, the revenue is to be accounted for as district revenue; and the corollary applies to local expenditures and revenues.” This regulation specifically identifies the more often encountered types of revenue as to classification. |
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2. | DISTRICT REVENUESDistrict revenues include the following:- Bus Pass Sales
- Bus Transportation Sales
- Conference Centres Sales
- Continuing Education Fees
- Facility Rentals
- Fax Charges *
- Food Services (Cafeterias and catering)
- Long Distance Telecommunications Recoveries *
- Lunch Programs sponsored by the district and/or Ministry
- Parent Advisory Council* - for purchase through district processes
- Photocopy Charges *
- Recycling Recoveries *
- Textbook Loss and Damage *
- Vandalism Recoveries
* Indicates this source of revenue is recorded as a contra to the related district expenditure account which is part of the site’s “parent” budget account; thereby, increasing the funds available in the site’s “parent” budget account. |
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3. | LOCAL REVENUE| The following have been classified as Local Revenue assuming the expenses relating thereto have been paid entirely from local rather than district funds. | | Athletics | Parent Advisory Council for purchases through site processes | | Automotive shop supplies recovery from customers | Pay Telephone Commissions | | Awards | Photography Commissions | | Canteens | Popcorn Sales | | Catering | Staff Activities – Sunshine Fund | | Community Programs | School Newspaper | | Course Fees | School Stores | | Drama Productions | Strings Maintenance | | Exercise Books and Student Supplies | Student Council | | Fees for Courses, Activities & Materials (Policy 9802) | Student Parking Lot | | Field Studies | Student Planners | | Graduation | Student Services and Fabricated Materials | | Instrument Rental | Tournaments | | Interest | Transcripts | | Library Fines and Losses and Damage Recoveries | Vending Machines | | Lock Rental/Sales | Walkathons | | Lunch Programs sponsored by the school | Year Book/Annuals/Video |
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4. | REMITTANCE FORM |
| Revised: | 2013-04-12 | Revised: | 2003-03-04
1998-11-24 | Approved: | 1995-03-14 | X-Ref: | Reg. #4900.1 |
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