Foreword


SUPERVISION AND MANAGEMENT of school activity
 money is a problem that has perplexed school administrators
for many years. Until recently, school activities were few in num-
ber; hence, the accounting problems connected with them were
relatively insignificant. With the increase in the number of pub-
lic school activities and expansion in their scope, many problems
concerning the financing of these activities and the administra-
tion and supervision of funds connected with them have arisen.
This publication, A Guide: Internal Accounting for School Ac-
tivities, is designed to give assistance to all school administra-
tors in the proper handling of school activities monies. It makes
available to all the results of previous experimentation and rec-
ommendations of school administrators who have been success-
ful in accounting for these funds.

 State and local school officials as well as the general public
have always been concerned about the safe and economical han-
dling of public funds connected with the schools. The demand
for economical, safe, and efficient management of school activity
money is only natural, since these funds annually amount to
millions of dollars state-wide. Until 1947, the experience of those
who had been successful with accounting for internal funds
had not been generally available. On September 16, 1947, a 16-
member committee of local school officials together with con-
sultants from the State Auditing Department and the State De-
partment of Education was appointed by State Superintendent
Colin English to draft recommendations for a new public school
accounting and reporting system. The first manual of State
Board of Education Regulations and an approved system of rec-
ords were published in 1948. In the 1948 manual, all phases of
internal accounting were dealt with in a general way.

 In 1957, the Association of School Business Officials of the
United States and Canada published A Manual of Accounting-
Principles and Procedures for Student Activity Funds. As one