In this module, participants will gain a deeper understanding of how the Student Activity Fund can receive monies from fundraising, donations and/or grants. Fundraising activities must be approved, and the revenues and expenditures of the activity need to be accounted for. Donations must be acknowledged and recorded, including donations of fixed assets. Grants must also be acknowledged and recorded, and the grant agreement must be followed.
Please click on the Student Activity Fund Quizzes link below to access the SAF Quizzes (Modules 2-13). You will receive a confirmation email once you are registered in Canvas LMS with instructions on how to access the system.
Understand why it is important for the Principal to approve each money-raising activity request
Understand the difference between a donation and a grant
Know what to do if someone donates a piece of equipment or another asset worth $250 or more
Know the amount of donation or grant that requires an acknowledgement letter signed by the Superintendent, by the Complex Area Superintendent, and by the Principal
Know that specific wording must be included at the end of every acknowledgement letter
Know what to do if a donation or grant is made to pay for additional staff at the school
Know what information is required before a fundraiser can be approved
Know which fundraisers must be approved by the Complex Area Superintendent
Know how to process form 422 Money-Raising Activity
Know what to do with the balance of a fund-raising activity Sub-Category in SAF
Know how to account for community donation drives
Know what to do if the Sub-Category for a fundraiser has a negative balance
Know the procedure to re-use Sub-Category numbers for multiple fundraisers during the school year
Know what types of fundraisers, or activities to raise funds, are prohibited
Know the guidelines that must be followed if a fundraiser is to be exempt from payment of Hawaii General Excise Tax
Know where to deposit proceeds of a sale of items purchased from Student Activity Funds, or donated to SAF
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