The aggregate of all activities shall be self-supported within the receipts generated by the activities, except for specific activities budgeted through the Central Interscholastic Activity Fund for participation in the Nebraska Schools Activities Association.
Each school will maintain an activity fund by which it will account for the receipts and expenditures involved in the activity program. Accounting will be done according to procedures established by the Office of Business Affairs. Any expenditure from the activity accounts must be budgeted or made with the specific approval of the principal or designee.
Any amount remaining in an account which has been inactive for a period of three years may be transferred, at the principal’s discretion, to the building activity account. Activities accounts which are in a deficit position for three continuous years may be discontinued. Deficits of deactivated activities will be paid from the school activity ticket account or from prorated balances of other activity accounts.
All activity accounts are closed at the end of the regular school year and reopened with the opening of school.
The Central Interscholastic Activities Fund (CIAF) is established through a transfer of funds from the General Fund and gate receipts from athletic events. The CIAF is administered by the Director of Athletics/Student Activities. The funds are used to facilitate Nebraska School Activities Association (NSAA) sanctioned interscholastic activities conducted in the senior high schools.
Expenditures from CIAF may be made for the following purposes:
Student participation in fundraising events is governed by Lincoln Board of Education policy 6750.