SPS Policy Manual - Saginaw Public Schools

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Section 3000 – Fiscal Management 3340 Fees, Payments and Rentals (Cf. 9250) 3340 Proceeds from fees for building or equipment use or rental shall be credited to the District’s General Fund. Rental and Leasing of District Real Property The Board may authorize the rental or lease of District real property not used for instructional purposes. Athletic Gate Receipts and Admissions The Board shall set admission fees to various District athletic activities. These fees shall be reviewed as needed. Income and Payments from Sales and Service Students may undertake school supervised projects for private individuals or community groups as part of their learning experience. The facilities and equipment of the District may be used for such activities. All receipts shall be deposited in the general fund and used as a reimbursement for materials and/or to purchase additional supplies and cover expenses of the District. Approved: LEGAL REF: MCL 380.11a; 380.1141 3350 Commercial and Promotional Sponsorship Understandings 3350 The Board recognizes that private sponsorship of programs and activities by commercial firms, businesses, individuals, or organizations can provide valuable enhancement of the educational and other programs offered by the District. For that reason, the District may enter into commercial, promotional, and other private sponsorship arrangements under the terms of this policy and in accord with certain administrative rules, regulations, and conditions as established by the Superintendent. No sponsorships of any kind by commercial firms, businesses, individuals, or organizations shall be permitted without prior approval of the Board pursuant to the recommendation of the Superintendent. No initial understanding shall be for more than a two-year term. No renewals shall be for longer than a two-year term. All agreements or understandings shall be in writing and signed by the Superintendent on behalf of the District after review by District legal counsel. No agreement shall be entered into if the sponsorship involves or gives the appearance of involving, or promotes, in any way, the sale or use of a product or service involving alcohol, tobacco, controlled substances, weapons, contraceptive devices, pornography, any illegal activity, drug paraphernalia, or political advertisement. Approved: LEGAL REF: MCL 380.11a; 380.15 SCHOOL DISTRICT OF THE CITY OF SAGINAW
Section 3000 – Fiscal Management 3360 Financial Reports 3360 The Board shall require monthly a general fund statement of expenditures and receipts of the general fund budget. In addition to this report, the Board may require, from time to time, periodic reports as to the status of the other accounts. It shall, further, be the responsibility of the administrator in charge of the business and finance division of the District to provide an annual financial statement which encompasses the expenditures and receipts of all accounts within the District. Approved: 3400 Depository of Funds (Cf. 1300) 3400 At the annual organizational meeting, the Board shall, in accordance with state law, designate, by resolution, the financial institutions 4 in which the funds of the District shall be deposited and the proportion of funds to be deposited in each. 5 The Treasurer shall deposit or cause to be deposited, funds of the District in the institutions as authorized by the Board and in the proportions authorized by the Board. All income for the operation of the District shall be reported to the Board and shall be deposited immediately to the District’s accounts. Whenever applicable, funds shall be deposited into those accounts where interest can be earned. Accounts shall be kept up to date and in order, according to standard auditing and state recommended procedures. The administrator in charge of the business and finance division of the District shall be responsible for the accounting of all revenues to the Board. Approved: LEGAL REF: MCL 21.143; 129.12; 129.15; 380.1221-1222 4 MCL 129.15 includes credit unions as an appropriate place of deposit and uses the term “financial institutions,” not just banks or trust companies. 5 MCL 380.1221 (1) The treasurer of a board of a school district or board of directors of a public school academy shall deposit the funds of the school district or public school academy in a financial institution or in a joint investment authorized by section 1223. The deposit shall be made in the name of the treasurer as an officer of the school district or public school academy. The board or board of directors shall designate the financial institution or institutions in which the funds of the school district or public school academy shall be deposited. The treasurer shall deposit funds of the school district or public school academy in 1 or more depositories in the proportion and manner determined by the board or board of directors. (Underlining added.) SCHOOL DISTRICT OF THE CITY OF SAGINAW
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Preface PREFACE Preface-1 The polic
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Preface Preface-3 After the reader
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Board Bylaws BOARD BYLAWS TABLE OF
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Board Bylaws Section 1. Legal Statu
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Section 8000 - Students 8000—STUD
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SPS Policy Manual - Saginaw Public Schools

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