Presentation on theme: "STUDENT ACTIVITY SPONSORS’ TRAINING 2013-2014 PRESENTED BY ACCOUNTING DEPARTMENT STUDENT ACTIVITY ACCOUNTING STAFF."— Presentation transcript:
STUDENT ACTIVITY SPONSORS’ TRAINING 2013-2014 PRESENTED BY ACCOUNTING DEPARTMENT STUDENT ACTIVITY ACCOUNTING STAFF
STUDENT ACTIVITY FUNDS Things To Know! The Principals, Teachers and Clerical staff are placed in a position of trust by parents and students when funds are placed in your care. The basic purpose for the collecting or raising and expending of activity funds must be for the direct benefit of the students or for the general benefit of the school.
SPONSOR FORMS CONFLICT OF INTEREST SPONSOR RESPONSIBILITY CONTACT INFORMATION All club sponsors and anyone handling student activity funds must fill out the following forms:
CONFLICT OF INTEREST DISCLOSURE If you ANSWERED YES TO QUESTIONS #1 OR #2, AN ADDITIONAL DISCLOSURE FORM MUST BE COMPLETED
RESPONSIBILITIES OF FACULTY SPONSORS OF STUDENT GROUPS & SPONSOR INFORMATION SHEET
APPLICATION FOR FUND RAISING ACTIVITY A fundraiser application must be filled out and turned in prior to any fundraising activity. Sponsors must list all deposits and expenses. Fundraisers must be closed within two weeks of the ending date. All fundraisers must include an Inventory Sheet
INVENTORY All merchandise purchased and remaining must be accounted for on this form. Donated items must be included. Items used together may be grouped, ex. cheese, chili, jalapeños and bowls for nachos. NOTE: Fundraisers will not be considered finalized unless an inventory sheet is filed with the Application For Fundraising. 7
INCENTIVES 8 Incentives must be approved by the Principal. If the merchandise is part of the inventory of a fund raising activity, you must submit this form with the Fundraising Application form. If merchandise is not part of a fundraiser; form is attached to check request. Limit incentives to 15% or less of total inventory to increase profit.
CHECKS All expenses must be paid with a school check. Be sure that there is money in your account to cover the expense. Receipts are due within five business days after the check has been picked up. Check printing days are Tuesday and Thursday. Reimbursements are NOT allowed!!!!!
OUTSTANDING INVOICES All invoices must be paid in timely manner; any invoices that will be paid off in a series of payments must be reviewed by the bookkeeper and approved by the principal. Yearbook Prom Receptions Uniforms Field Trips All invoices should be received by campus bookkeeper and not the teacher/sponsor.
DEPOSITS Funds must be counted by the sponsor prior to bringing the funds to the bookkeeper. You must wait for a receipt! ! ! Review your receipt and sign if you are in agreement. Post dated checks are not accepted. Deposits need to be done on a daily basis. Never use cash collected to make purchases. Do not comingle your deposits.
MONEY COLLECTED Use when collecting funds for field trips, pictures, uniforms, shirts, yearbooks, etc. Signatures should always be collected with the exception of Pre-K through 2nd graders. Total amount collected must equal to the Deposit Breakdown Form. All funds collected must be documented and deposited on a daily basis.
MONEY DISBURSED Used when issuing cash funds to individuals, such as: Meals Reimbursements AMOUNT DISBURSED SHOULD EQUAL THE CHECK AMOUNT Signatures should always be collected with the exception of Pre-K through 2nd graders.
TRANSFERS BETWEEN ACCOUNTS Transfers serve as payment between club accounts. Be sure that there is money in your account to cover the transfer. Donations or loans are not allowed between clubs. 14
PROFESSIONAL SERVICES PACKET When hiring motivational speakers, choreographers, seamstress, DJ services, moonwalks, clown performances, consultants and judges The following forms must be completed: Submit at least four weeks in advance before services are rendered. Checks will not be issued until packet has been approved Request for Consultant Services Contract for Professional Services Certification of Criminal History W-9
REQUEST FOR CONSULTANT SERVICES Student Activity Clubs only require signature of Principal, Sponsor, and Fine Arts if Fine Arts related club.
CONTRACT FOR PROFESSIONAL SERVICES Two versions are available depending on the contract amount less than $5000 over $5000 Consultant must sign the contract after the Request for Services has been approved. 17
CERTIFICATION OF CRIMINAL HISTORY The vendor certifies that he/she has obtained a criminal history check including any of their employees who will have direct contact with students. Criminal History report may be requested by Fine Arts Department. 18
W-9 FORM 19 All vendors are required to submit a W-9 Form when payment is being issued by the District, even when a Contract Services Packet is not required.
SALES TAX ISSUES In order to be eligible for the two, one-day tax free sales you must be a Bona fide club. Non taxable sales – perishables/consumables (Refer to manual for a complete listing) Taxable sales Books clothing cups school supplies flowers 20 rummage sale school publications school supplies sold to students uniforms
TEXAS RESALE CERTIFICATE 21 Used when purchasing items that will be resold in fund raising events. NOTICE: YOU WILL BE SIGNING
TEXAS SALES TAX EXEMPTION Purchase of items for school related purposes it is a criminal offense to give a resale certificate, or sales tax exemption for personal use 22 NOTICE: YOU WILL BE SIGNING
Board Policy requires for Booster Clubs to submit their bank statement and reconciliations to the Principal on a monthly basis. Booster Clubs should obtain their own Tax ID Number and Officers They should never use the District’s Tax Identification Number (not even to get a discount!) If this is an issue, have them donate the funds to the campus and the campus can make the necessary purchase from our accounts All donated fixed assets should be tagged in accordance with District procedures PTC/ BOOSTER CLUBS 23
Note: As per District local policy No district employee shall be an authorized check signer of a parent or booster organization without written approval of the superintendent and campus principal. Individuals authorized to sign checks should not be related to each other by marriage or any other relationship. Other additional information including new adopted policy procedures may be found in the Internal Audit web link PTC/ BOOSTER CLUBS (CONT) 24
FOOD OF MINIMAL NUTRITIONAL VALUE For information on what is allowable to be purchased for your grade levels you can log on to the Texas Classroom Teachers Association (TCTA) at www.tcta.org For information on allowable portion sizes and nutritional value information refer to www.squaremeals.org Contact Food Service Department for more information 25
All of the accounting records related to the Student Activity and Campus/Principal’s Accounts, including, but not limited to, all bank statements and related cancelled or voided checks, all validated deposit slips, all receipts, all reports and journals will be retained for a period of seven (7) years following the end of each fiscal year on August 31st. At least the prior year records must be kept at the campus. All other files may be sent to Records Management with a detailed description of the file contents. RECORD RETENTION 26
REPORT FRAUD 27 Remain Anonymous Open 24 hours a day
The manual, forms, and presentation are updated annually and can be found online at the Accounting Department weblink. SPONSOR’S MANUAL: 28
Samuel D. Flores Director of Accounting E-mail: email@example.com Phone: (956)473-6368 Mario Gonzalez Activity Funds Accountant E-mail: firstname.lastname@example.org Phone: (956)473-6432 Rosa Cabello Accounting Manager E-mail: email@example.com Phone: (956)473-6369 CONTACT INFORMATION 29 Jerry Esqueda Sr. Bookkeeper J.B. Alexander High School E-mail: firstname.lastname@example.org Phone: (956)473-5971 Cynthia Hernandez Sr. Bookkeeper L.B. Johnson High School E-mail: email@example.com E-mail: firstname.lastname@example.org Phone: (956)473-5209 Coral Perez Sr. Bookkeeper United South High School E-mail: email@example.com E-mail: firstname.lastname@example.org Phone: (956)473-2326 Luis Blancas Sr. Bookkeeper United High School E-mail: email@example.com Phone: (956)473-5636 Tina Gonzalez Sr. Bookkeeper E-mail: firstname.lastname@example.org Phone: (956)473-6357