Board debates what to do with leftover senior-class funds; tables action for next month
Trustees reviewed UFARS guidance on student-activity accounts and debated whether leftover senior-class funds should roll into the next class, be split among activities, or be used for a building purchase. The board tabled action and asked staff to cost out accounting journal entries to transfer funds.
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The business manager presented UFARS (Uniform Financial Accounting and Reporting Standards) guidance on student-activity accounts, fundraising, and permissible uses, noting that donations and fundraising must meet statutory and UFARS requirements. The board discussed options for leftover senior-class funds (class of 2026) after some outstanding prom and graduation expenses.
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