Activity funds are funds generated and accumulated by the school that are held in trust by the school and are used to promote the general welfare of the school and educational development and morale of all students.
Little Elm ISD uses the following to define and code activity funds:
Fund 461–Campus Activity Funds account for:
Fund 865-Student Activity Funds account for:
Example: 865-Student Activity Account Purchase – AVID
*All Activity fund custodians must ensure that all Activity Fund transactions and accounts are maintained in accordance with state and local law. These laws are defined in a separate Activity Fund Manual. Revenues should be sufficient to cover expenditures from the funds. Activity funds should not be overdrawn. Principals or Directors may be contacted and asked for a resolution plan for any overdrawn activity funds. The only exception to allowing an overdrawn activity fund would be if circumstances require a temporary overdraft such as payments made in advance to reserve facilities and services for a prom/dance/activity before ticket sales to participants are completed.