should be an official agreement on the part of the principal, the
student representatives, and the outside group on the division
of expenses and profits as between the student body and the
outside group. There is no prescribed percentage for division of
such profits.
Miscellaneous Sources of Receipts
 Assessments.-Assessments of money should not be levied
against any or all the separate accounts to pay for the purchase
of equipment or supplies for another division for which the mon-
ey was not raised, or for the benefit of the entire school, or to
make up a deficit in another account. Assessments should not
be made against instructional accounts for the benefit of the
general account.
 Collections for the Board of Public Instruction.-These col-
lections include payments received for lost or damaged textbooks,
etc.
 Flower and Gift Funds.-Funds collected from teachers for
flowers and gifts, if collected and handled by the principal or his
representative as an accommodation to the faculty, must be
processed through the School Activity Fund and recorded in the
form of a trust fund.
 Transfer of Instructional Aids Money.-Transfer of instruc-
tional aids money from one school to another school in the county
should not be made upon the transfer of a student unless the
board of public instruction transfers a group of students due
to lack of facilities. If this should occur, the receiving school
should receive from the transferring school money and/or mate-
rials as near as possible to the amount collected to cover instruc-
tional aids of the students transferred. A second amount should
not be collected for the same materials from the students within
the county.
 Trust Accounts.-Trust accounts are used for money contrib-
uted by or held for the sole use of specific groups and not owned
by the student body as a whole. In general, a trust account should
not be overdrawn, nor may trust funds be expended for general
student body activities. Examples of trust accounts are faculty
association funds and professional dues, student body trust ac-
counts for class and club activities, collections for Community
Chest, Red Cross, March of Dimes, and student insurance.