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Board advised that activity accounts and outside foundations are separate from district accounts
Summary
Brown told the board that school activity accounts (Fund 7) are numerous and reserved for specific groups, and that independent foundations such as the Dogtown Foundation and Wildcat Foundation maintain their own boards and bank accounts separate from district funds.
Board members asked how activity accounts work and whether contributions from local foundations pass through district records. Brown said Fund 7 contains many small, purpose-restricted checking accounts used by student groups and departments, and money raised there is reserved for the purpose specified by the group.
He explained outside foundations that benefit the district — examples mentioned were Dogtown Foundation and the Wildcat Foundation — are independently governed and hold their own bank accounts; they do not funnel money through district accounting. Brown said certain formation or startup expenses for a foundation may have been paid from operating, but routine fundraising and balances for those foundations remain separate.
