those pupils currently in school for whom the funds were
 accumulated.
 5. In general, funds derived from the student body as a
 whole should be expended to benefit the student body as
 a whole.
 6. The collecting and expending of School Activity Funds
 must be in accordance with existing laws, State Board
 of Education Regulations, and county board of public in-
 struction policies.
 Sound business practices should be observed.
 7. Student body business functions should be conducted in
 such a manner as to offer a minimum of competition to
 commercial firms; at the same time they should benefit
 the student body.
 8. Purchases for any school should not exceed the cash re-
 sources of that school during any school year.
 9. Florida Statutes and State Board of Education Regula-
 tions controlling purchases by school organizations are
 to be observed.
 10. In the event of violations of any of the rules and regula-
 tions and/or policies established by the county board of
 public instruction, the superintendent and the board
 should be responsible for taking such disciplinary action
 as may be deemed necessary, provided such action is not
 contrary to Florida Statutes or the State Board of Educa-
 tion Regulations.

 Sources of School Activity Funds
 Monies which an individual school may be required to ac-
count for are grouped into two major categories so that the
amount of money received and expended for student activities
and organizations may be identified separately from other sums
collected by a school.
 The first category includes money received and expended for
the operation of the student activity program. The second cate-
gory includes money collected by a school which comes from
sources other than from student activities. This includes re-
ceipts from non-student organizations such as faculty organiza-