HAMILTON-WENHAM REGIONAL SCHOOL DISTRICT
TYPES OF FUNDS/REVOLVING FUNDS
The Hamilton-Wenham Regional School Committee in accordance with Massachusetts General Laws, Chapter 71. Sections 47, 71C and 71E may establish revolving accounts.
All monies received by the School District in connection with organizations comprised of public school students and bearing the school name or organized in connection with, and any activities for which participation is contingent upon the payment of a fee, shall be deposited with the District Treasurer and held as separate accounts. The receipts held in such accounts may be expended by the School Committee for the purposes of the programs from which the receipts held in such accounts were derived.
Adopted: January 31, 2013