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Policy committee approves amended district booster-club policy; requires 501(c)(3) documentation and financial transparency
Summary
The Policy Committee approved an amended district booster-club policy requiring booster organizations to hold 501(c)(3) status, supply annual documentation, use a CPA or financial specialist for statements and filings, and maintain volunteer records in line with district volunteer policy.
The Beloit School District Policy Committee approved an amended booster-club policy on Wednesday that tightens documentation and financial-transparency requirements for booster organizations that support district programs.
The approved changes, as discussed and amended on the record, require booster organizations to be registered as an IRS 501(c)(3) and provide applicable documentation annually on or before July 1; to use a CPA, bank, or financial specialist to manage financial statements and tax filings and to provide applicable documentation including, upon request, financial statements to the School District of Beloit; and to…
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