xt70rx93bk4d https://exploreuk.uky.edu/dips/xt70rx93bk4d/data/mets.xml Kentucky. Department of Education. Kentucky Kentucky. Department of Education. 1953-08 bulletins English Frankford, Ky. : Dept. of Education This digital resource may be freely searched and displayed in accordance with U. S. copyright laws. Educational Bulletin (Frankfort, Ky.) Education -- Kentucky Educational Bulletin (Frankfort, Ky.), "A Proposed Program of Accounting for Extracurricular Activity Funds in Kentucky Schools", vol. XXI, no. 6, August 1953 text
volumes: illustrations 23-28 cm. call numbers 17-ED83 2 and L152 .B35. Educational Bulletin (Frankfort, Ky.), "A Proposed Program of Accounting for Extracurricular Activity Funds in Kentucky Schools", vol. XXI, no. 6, August 1953 1953 1953-08 2022 true xt70rx93bk4d section xt70rx93bk4d

Commonwealth of Kentucky

EDUCATIONAL BULLETIN
——

A PROPOSED PROGRAM OF
ACCOUNTING FOR
EXTRACURRICULAR ACTIVITY FUNDS
IN KENTUCKY SCHOOLS

\\ (7111‘
\f’\’ U ‘ * " Published by

ND’EPARTM ENT 0 F EDu CAT] 1:: N
WENDELL P. BUTLER
Superintendent of Public Instruction

—

ISSUED MONTHLY

Entered as second-class matter March 21, 1933, at the post office at
Frankfort, Kentucky, under the Act of August 24, 1912.

Vol. XXI AUGUST, I953 No. 6

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FOREWORD

An increase in the amount of funds raised from extracurricular
activities in the schools of the state during: the past few years has
caused school administrators some. concern in providing an adequate
means of properly supervising the expenditure of such funds.

Thousands of dollars are. accumulated in such funds annually
throughout the state.

Past records show that there have been many cases in the state
where individuals have been subject to and, in some instances, have
yielded to the temptation of careless use and even 1nisappropriation
of these funds. Because of these conditions, the people of many of
the communities have made inquiry and expressed much concern
about the proper protection of these funds, as well as the effect
which they have on individuals of these connnunities who are hand-
ling these funds. It is insisted that the funds from student activities
be supervised in such manner that the management will serV e
to train students in the proper and systematic handling as well as
assumption of the obligation for the expenditure of such funds.

This bulletin contains a proposed program for accounting: for
and proper supervision of the activities of funds received from
such pupil activities. H has been prepared by Samuel Alexander of
the State Department of Education as partial fulﬁllment of the, re-
quirements for a Master of Arts Degree.

After a careful examination of the manuscript containing: the
Dl'Oposed program, I am convinced that it should be put into use in
accounting for such funds. T have requested permission to publish
it as one number of the Educational Bulletin published by the State
Department of Education. I recommend it to the school adminis—
tl'ators for their use in providing- a means for the proper accounting
and supervision of funds raised through extracurricular activities.

\Vendell P. Butler
Superinteinlent of Public lnstruction

1 If

A PROPOSED PROGRAM OF ACCOUNTING
F OR EXTRACURRICULAR ACTIVITY FUNDS
IN KENTUCKY SCHOOLS

(711
By
Sanuwl Alexandvr
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'l

A Thesis Nubm‘itz‘ed in, Par/I'M Fulfillmcnl of H10 1f¢equhwn(ants for '

ﬂw Dog/9'00 of Mush» of Arts in Education

Western I'\'cutuuky State College

July, 1952

m‘s for

_ﬁJ *. _»

Chaptt'r

TABLE OF CONTENTS

I. TN'I‘R()DUC’I‘I(,)N ................................. 1
II A SURVEY OF EXTRACIIRKICULAR ACTIVITY
ACCkH/TN’I‘ING IN 'I‘WENTY—FOUR STATES ....... 8
III TIIE .‘TA'I‘ITS ()I" EXTRACUKRICULAR AC—
TI VITY ACCOUX'I‘INC IN KENTUCKY ........... 21
IV A I’h’HI’USEl) PROGRAM 0].“ ACCOUNTING FOR
'EX’I‘RACURIIICUIIAR ACTIVITIES IN THE
SCIILMJLS ()Iﬁ‘ KENTUCKY ....................... 27
APPENDIX ...................................... 51

BIBLIOGRAPHY .................................

Page

The writer wishes to express his appreciation to all who have

eontrihuted either directly or indirectly toward the completion of

this report. Ile wishes to express his especial appreciation to Dr.

Lee Francis Jones, under whose. direction this study \‘21S made.

It was with his guidance, and counsel this study was made possible.

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CHAPTER I
INTRODUCTION

The people of Kentucky ask many questions about the extra-
curricular activities carried on in the schools, and they are con-
stantly inquiring what becomes of the money raised by these ac—
tivities. As long as the people who provide financial support for
these activities are concerned and doubtful, there is a need for
examination and study of these activities. It is generally believed
that properly controlled, adequately supervised, and soundly
ﬁnanced extracurricular activities constitute a desirable part of
any educational program, but some people feel that many of these
activities are not properly controlled, adequately supervised, or
soundly ﬁnanced.

Statement of the Problem

The problem of accounting for the funds raised by the various
extracurricular activities of a school has been stated by many
students of the problem. These writers have dealt principally with
the problem of prudent management and control of these funds.
The principle of prudence cannot be overlooked in any study of
these funds, but closely associated with the principle of priulemze
are the principles of adaptability and flexibility. The accounting
system used should be flexible enough to meet the needs of the
Student body at any one time and should be of such nature that
it will be adapable to changes in the school program and in the
community.

The statement of the problem by Edmonson. Roemer, and
Bacon1 will be used as the basis for this study:

With the almost phenomenal growth of the extracurricular
activities program in the high schools during recent years, there
has appeared a great increase in the number of different accounts
and funds that have no regular place in the accounting system
of the schools. The aggregates of these funds now form totals
so large that administrators must ﬁnd adequate means of super—
vising and handling them.

J. B. Edmonson, Joseph Rocmcr, and Francis L. Bacon, The Administration
0f the Modern Secondary School (New York, The Macmillan Company, 1949),
pp. 348-349.

573

The problem becomes all the more acute when we realize
that, where these activities programs have sprung into existence
almost entirely unsupervised, each of the many organizations
has its own peculiar method of accounting. In such cases, records
and vouchers that exist are difficult of access when wanted;
proper audits are generally impossible. Through carelessness
or lack of integrity, thousands of dollars of these funds are lost
yearly. Students go from such schools trained in lax and ir—
responsible methods of handling public funds. Balances of
prosperous organizations are spent ill-advisedly, while other ac-
tivities go bankrupt. Worst of all, young students in the schools
are constantly subjected to, and sometimes yield to the temptation
to misappropriate funds. From these and other conditions, there
arises a fourfold problem. The ﬁnances of the student activities
in high school should be so supervised and managed that:

1. Their management will serve to train students in the systematic
handling of accounts, in assuming the full responsibility for
ﬁnancial obligations incurred, and in integrity in all money
matters.

2. A wise, economical, and honest expenditure of funds will be
assured.

3. The principal will be able at any time to inform himself
of the ﬁnancial status of any or all of these activities.

4. Legitimate, feasible, and economical methods of supporting
these activities will be provided.

Procedures Followed in Study

A study of research and literature in the ﬁeld of school finance
revealed certain recommmldations and terms to he used in account—
ing for extracurricular activity funds,

Correspondence with members of the Departments of Education
was used in securing information relative to work that had been
done in extracurricular accounting- in other states. Letters were
sent to all forty—eight states, but replies were received from only
twenty-four 0f the forty-eight. ll'lueh valuable material was re—
ceived from those states that responded to the request, for informa—
tion.

A questionnaire was used to determine the practices employed
in accounting for extracurricular activity funds in the high schools
of the State of Kentucky. ’l‘hese questionnaires were sent to the
various high schools.

An attempt was made to devise a questionnaire that could be
answered with little difficulty if adequate systems of accounting

574

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difficult or the accounting systems inadequate.

The. responses to the questionnaire were disappointing in that
they indicated a lack of information or a lack of concern. It the
school people are not more fully informed than the answers to
the questionnaire. showed, it is not surprising that the gene all
public would view these funds with suspicion.

Delimitations of Study

A survey of the research and literature available reveals that
all funds involved in school accounting can be divided into two
principal groups; namely: .

1. Funds raised by taxation or charges made. by a board of

cducationw—speeiﬁeally board of education funds.
‘2. Funds raised in the name of a school or schools but not
by taxation or charges of a. board of education.

This study deals with problems related to funds other than
those 'aised by taxation or charges of the board of. education, and
is limited to those funds commonly called "extracurricular activity
funds."

A plan of accounting will be devised which will, if followed.
provide a record of receipts from the source to the audit, and a
record of disbursements from initiation of purchase. to ﬁnal pay-
ment. The aecounting plan further proposes to provide the mem—
bers of each extracurricular activity group an opportunity to
participate fully in the management of accounting for the funds
raised by the activity group.

Deﬁnition of Terms

In an unpublished study, Garrison and Kash‘z state:

In the immediate administration of the high school, the prin-

cipal encounters many problems of ﬁnancial accounting.

These problems may be divided into three groups; namely:

1. Those associated with accounting for funds of the student body,
student organizations, activities, clubs, etc.

2. Those associated with student exchanges, cafeterias, book
stores, athletic funds, etc.

3. Those associated with petty cash funds; for example, library
ﬁnes, postage funds, etc.

‘3. Earl R. Garrison and Shelby Kash, A Proposed Plan of Accounting for Ac

’lirtfy Funds in (he High Schools of Kentucky, Unpublished Study. University _
of Kentucky, College of Education, 1950.

575

In a study of accounting for school funds, Engelhardt and
Engelliardti‘ suggest the following deﬁnition of terms:

There are certain services maintained by schools, the cost of
which the pupil shares. They may be rendered in the same manner
as services connected with other activities of the school, but their
ﬁnances are handled in the individual school building rather than
in the central office. They are usually called internal services, and
are differentiated from extracurricular activities in that they are

. not intended to contribute through pupil participation to the
educational work of the school. The cafeteria, lunchroom, and

book store are the usual activities that come within this category . . .

The internal services should be differentiated from the many so-

called extracurricular activities which are associated with the life

of every modern junior and senior high school.

The Bulletin of the University of the State of New York1
accepts and deﬁnes the same classiﬁcation of funds given by Engel»
hardt and Engelhardt5 except that the term extraclassroom is
used instead of extracnrrienlar. For this study the following defi-
nitions shall be accepted:

Co—curricular, extracurricular, and extraclassroom shall be
considered as synonyms. They shall mean any activity of a school
whose funds are raised other than by taxation or through charges
made by the board of education. Examples of these funds are:
athletic funds, club funds, class funds, etc.

Internal school funds shall be deﬁned as follows: Any funds
raised by taxation or through charges made by the board of
education. There may be other school funds which are clearly
board of education funds, but they will be differentiated from
extracurricular activity funds on the basis of the purpose and
source of such funds. Examples of internal school funds are:
gifts and donations made speciﬁcally to boards of education, fees,
rent of school property, tuition, revolving funds, and any other
funds for which the board assumes direct responsibility.

Source of Data.
The information for this study was obtained from seven
principal sources:
1. inspection of extracurricular activity accounting in the
high schools of Kentucky. and in the auditing: of various
extracurricular activity accounts.

3. N. L. Engellmrdt and Fred l‘lngellmrdt, Public School Business Adniinistrnliml

(New York, Bureau of Publications, Columbia University, 1927), p. 7977.

4. “The Safeguarding, Accounting and Auditing oi' Extraclassroom ,Actirit."
Funds,” Bulletin No. 12715, I'niversity of the State of New York. September
1, 1944.

o. Engelhardt and Engelhardt, 0p. cit, p. 795.

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A. questionnaire which \‘218 mailed to 4.84 high schools
in Kentucky.

Correspondence with members of the State, Departments
of Education in twenty-four states.

An analysis of plans and methods of extracurricular ac-
tivity accounting- used in seven states.

An examination of the available research and literature
relating- to extracurricular accounting.

A study of the Kentucky Common School Laws, State Board

of Education Regulations, and opinions of the Attorney
General.

An examination of several commercial. school activity ac-
counting forms.

CHAPTER II

A SURVEY OF EXTRACURRICULAR ACTIVITY ACCOUNTING
IN TWENTY-FOUR STATES

011 May 6, 1952, a letter was written to the Chief State School
Officer in each of the forty—eight states requesting information
relative to methods and procedures used in accounting for extra-
curricular activity funds. Replies were received from twenty-four
of the forty-eight inquiries.

Seven of the states reported that they do not have any state
plan of accounting for extracurricular activity funds. The states
that reported no state plan for extracurricular activity accounting
were: Georgia, Massachusetts, Michigan, Mississippi, Nebraska.
South Carolina, and Virginia. The following excerpt from a letter
from a Consultant in Finance and Child Accounting of the Depart-
ment ol" l’ulilic lnstruction of the State of Michigan is typical of
the letters received from the states which had no state plan of
accounting for extraem-ricular activity funds:

We do not have a state extracurricular accounting system. We
recognize that this matter is of utmost importance to school
districts, but as yet, have not had the opportunity to study the
problem and set up state regulations.

. . . Would be pleased to have a copy of your study when it
is completed.

The remaining seventeen states that responded to the inquiry
relative to state plans for accounting for extracurricular activity
funds can he grouped under the following headings: (1) States
having statutory provisions for extraeurrieular activity accounting:
(2) States having State loard of Education regulations governing
extracurricula ‘ accounting; (3) States which have prepared manuals
and guides with recommended accounting methods and practices for
extracurricular activity accounting.

Statutory Provisions for Extracurricular Accounting

The extracurriclilar accounting regulations are governed by
statutory provisions in North Carolina, Arizona, Pennsylvania,
California, New Jersey, \Vest Virginia, and Indiana. In order that

a more complete record may be presented, the statutory provisions

‘\ governing extractu'ricular accounting in North Carolina, Pennsyl-

vania, and \Vest Virginia will be incorporated in this study. Only

the specific points of interest in the statutory provisions of the

[G l states of Arizona, California, New Jersey, and Indiana will be given.

‘ North Carolina

Section 115-165 (3) Special Funds of Individual Schools.‘

l The county board of education of all county administrative units

’01 I and the board of trustees of all city administrative units shall, by

011 proper resolution duly recorded, appoint a treasurer of all special

ra- l school funds for each school in the respective administrative unit.

‘111‘ ‘ In all individual schools, a complete record shall be kept by the

i treasurer so appointed and reports made of all money received

, and from what source and all money disbursed and for what pur—

rte t pose; provided, however, that nothing in this subsection (3) shall

tes ‘ prevent the handling of these special school funds under subsection

110 (1) and subsection (2) of this section. (Comment: Subsections

D l 1 and 2 provided for a treasurer of the General School Funds who

(a, I may also be required to handle the special activity funds.) The

ter treasurer of all special funds so appointed and the principal of

rt- , each school shall make a monthly report, and such other reports

of as may be required, to the superintendent of the administrative

of unit wherein such individual school is located, showing the status

, of each special school fund, upon forms to be supplied for that
purpose. ' ,

W9 ‘ Section 115-366 Bonds. The board of education in each

001 county administrative unit and the trustees of each city admin-

the istrative unit shall cause all persons authorized to draw or approve

school checks or Vouchers drawn on school funds, whether county,

lit district, or special, and all persons who as employees of such

administrative unit are authorized or permitted to receive any

. school funds from whatever source, and all persons responsible

1.1) l for or authorized to handle school property to be bonded for the

1lf-V ‘ faithful discharge of their duties in such amount as in the dis—

teS cretion of such governing authorities of said administrative unit

19;; 1 shall deem-sufficient for the protection of said school funds or

in}! property With surety by some surety company authorized to do

als ’ business in the State of North Carolina. The amount deemed nec-

' essary to cover the cost of such surety bond shall be included as

for ‘ an item in the general school budget of such school administrative

unit and shall be paid from funds provided therefor; but nothing

in this section shall prevent the governing authorities of the

respective administrative units from prorating the cost of such

by bonds between the funds sought to be protected.
lia: ‘ 1. ”Public School Laws of North Carolina,” Bulletin, Department of Education,
hat ‘ Raleigh, 1951 (1949 Cumulative Supplement to General Statutes of North

Carolina, 1943).

579

Section 115—368 (3) How School Funds Shall Be Paid Out.
Such funds shall be paid out only on checks signed by the prin-
cipal of the school and the treasurer who has been selected by
the respective boards; provided, this procedure for depositing and
disbursing funds is not required for schools handling less than
three hundred dollars ($300.00), and if in the judgment of the
board of the respective administrative units such procedure should
not be required. However, in all schools a complete record shall
be kept by the treasurer and reports made of all money received
and disbursed by him in handling funds of the school; provided
further, that nothing in this subsection (3) shall prevent the dis-
bursing of all the special funds upon the signatures required under
the provisions of subsections 1 and 2 of this section.

Section 115—369 (3) Audit of School Funds. The county board
of education and the board of trustees of city administrative units,
respectively, shall cause to be made, at the time the audit of the
county or city funds is made, an audit of the special school funds
of each school in the respective administrative units.

Section 115-369 (4) Filing and Publication of Audits. Copies
of the audit of the several county and city administrative units
and special funds of individual school required by this section shall
be ﬁled with the chairman and secretary of the governing body
of the unit receiving and disbursing such funds, and with the
county auditor and the clerk of the superior court of the county
in which such unit is located.

The county board of education in a county administrative unit
and the board of trustees in a city administrative unit shall
include in the school budget of the respective administrative units
funds for the payment of the costs of the audits of county, city,
district, and special funds of individual schools as required under
subsections 2 and 3 of this section; provided, that nothing in this
section shall prevent the respective board from prorating the
cost of auditing of special funds to the special funds of each school.

lt can be seen from the preceding statutory provisions of the
State of North Carolina that much thought has been given to
adequate safeguards for extracurricular activity funds and internal
sehool funds in the state. These statutes accurately set forth pro-
visions for prudential management of these funds. Yet no mention
is made of the beneﬁts that pupils may receive from the handling
of these funds. Consequently, the principles of adaptability and
ﬂexibility are completely ignored. If the pupils who participate
in the raising of these funds beneﬁt from the funds, it will be by
the use of the. materials and services purchased by the money. N0
provision is made for the handling of the funds by the pupils and
any experience they gain therefrom will be purely coincidental.

580

m , Pennsylvania
)y ‘ Section 511. School Athletics, Publications, and Organizations ‘-'
1d (a) The board of school directors in every school district
in shall prescribe, adopt, and enforce such reasonable rules and regu—
Je i lations as it may deem proper, regarding (l) the management,
1d ' supervision, control, or prohibition of exercises, athletics, or games
ill I of any kind, school pulications, debating, forensic, dramatic, musi-
Ed ' cal, and other activities related to the school program, including
Ed i raising and disbursing funds for any or all of such purposes and
i5“ [ for scholarships, and (2) the organization, management, super—
er vision, control, ﬁnancing, or prohibition of organizations, clubs,
i societies and groups of the members of any class or school, and
rd i may provide for the suspension, dismissal, or other reasonable
ts, penalty in the case of any appointee, professional or other em—
he i ploye, or pupil who violates any of such rules or regulations.
.ds (b) Any school or any class activity or organization thereof,
| with the approval of the board, may affiliate with any local, dis—
ies , trict, regional, State, or national organization whose purposes and
its . activities are appropriate to and related to the school program.
all i (c) The board of school directors may (1) permit the use
dy of school property, real or personal, for the purpose of conducting
;he i any activity related to the school program, or by any school or
ity class organizations, club, society, or groups, (2) authorize any
i school employe or employes to manage, supervise, and control the
. 1 development and conduct of any of such activities, (3) employ or
mt . assign any school employe to serve in any capacity in connection
,all i with any of such activities.
Hts (d) Notwithstanding the use of school property or personnel,
.ty, it shall be lawful for any school or any class or any organization,
19.1“ i club, society, or group thereof, to raise, expend, or hold funds,
iii: including balances carried over from year to year, in its own
name and under its own management, under the supervision of the
)01' principal or other professional employe of the school district desig-
the hated by the board. Such funds shall not be the funds of the
to ' school district but shall remain the property of the respective
school, class, organization, club, society, or group. The treasurer
“31 1 or custodian of such funds shall furnish to the school district a
‘1'0' proper bond, in such amount and with surety or sureties as the
1011 { board shall approve, conditioned upon the faithful performance
ing . of his duties as treasurer or custodian. The premium of such bond,
ind if any, shall be paid from the funds or fund secured thereby or
ate from the funds of the school district, at the discretion of the board.
The treasurer or custodian shall be required to maintain an ac—
by ‘ counting system approved by the board, shall deposit the funds
N0 in a depository approved by the board, shall submit a ﬁnancial
nid ‘ statement to the board quarterly or oftener, at the discretion of
i '3. “School Imws of Pennsylvania,” 1949, Bulletin 2, Harrisburg, Section 511,

pp. 64-65.

581

the board, and shall submit the accounts to be audited in like
manner as the accounts of the school district.

(e) All purchases of materials or supplies made by any
organization, club, society, or group, or by any school or class,
in excess of three hundred dollars, shall be made upon solicitation
of quotations or bids from three or more responsible manufacturers
of or dealers in such materials or supplies. All such purchases shall
be made from the lowest responsible bidder on the basis of price,
quality, and service.

West Virginia

The Legislature of West Virginia passed an act relating to
accounting and auditing of school funds on March 5, 1951. The
bill to become effective ninety days from passage is entitled:
“Authority of County Board to Require Keeping of Records of
Receipts and Disbursements of School Funds and to Audit Such
Records.”3

Article 5, Section 13, Subsection 1. The boards, subject to
the provisions of this Chapter and the rules and regulations of
the State Board, shall have authority:

(1) To control and manage all of the schools and school in—
terests of the county including the authority to require that
records be kept of all receipts and disbursements of all funds
collected or received by any principal, teacher, student, or other
person in connection with any program, activity or other endeavor
of any nature operated or carried on by or in the name of the
school, or any organization or body directly concerned with the
school, and the authority to audit such records.

The statutes of the State of Arizona provide for the administra—
tion of student: activities money and other receipts of the common
schools, high schools. and junior colleges. These statutes deﬁne
student activities money as money which is raised with the ap-
proval of the board of trustees or hoard of education by the efforts
of students in pursuance of or in connection with the activities of
student organizations, school book stores, cluhs, athletic activities,
school plays, and other student entertainment. A board of educa-
tion or board of trustees ot" a, school district is permitted hy the
statutes to establish a revolving: t'und .t'or the purpose of meeting
the necessary current expenses connected with student activities.
The amount of money provided in the revolving fund shall. at the
end of each ﬁscal year he returned to the credit of the school
district.

3. ”School Legislation,” Bulletin No. 12, West Virginia State Department of
Education, Charleston, August, 1951, p. 20.

582

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A letter from the Chief of the Bureau of Educational Research
of the State of California gives the following provisions of the,
Education Code of California:

16143. The governing board of any school district shall pro—
vide for the supervision and auditing of all funds raised by any
student body or student organization using the name of the school.

The cost of supervision and auditing may constitute a proper
charge against the funds of the district.

16144. The funds of any student body organization shall be
deposited in a bank approved by the governing board of the
school district and shall be expended subject to such procedure
as may be established by the student body organizations subject
to the approval of an employee or official of the school district
designated by the governing board.

The Legislature of New Jersey in 1.05]. passed a law which
requires an annual audit of all school districts by a Certiﬁed Public
Accountant or Registered Municipal. Accountant. The scope of
the audit includes all extracurricular activity funds of the school
district.

The statutory provisions of the State, of Indiana are similar
to those which have been discussed in comments pertaining to
extracurrieular aecounting in Arizona, and California.

The principal thought gathered from the statutory provisions
of North Carolina, Arizona, Pennsylvania, California, New Jersey,
West Virginia, and Indiana is the acceptance, by the various legis-
latures of the fact that the local school administrative units are
responsible for the prudent management. of all extracurrieular
activities and internal school funds. The very aeknowledgeinent
of this responsibility places these funds in the category of public
school funds.

In no case do these laws require the State Departments of
Education to prepare and provide uniform accounting forms, but
it seems that since the State Department of. Education is charged
with the responsibility of providing leadership for local school
districts and since the local districts are governed by regulations
of the State Boards of Education through the State Departments
of Education, that the inference might be drawn that the State
Departments of Education are charged with the responsibility of
providing a uniform system of accounting for the local school
district.

583

State Board of Education Regulations Governing Extracurricular
Accounting

Only one state reported that all extracurricular accounting is
governed by regulations of the State Board of Education. In addi-
tion to the regulation which is contained herein, the State Board of
Education of Florida requires the local School districts to purchase
the forms direct from the printer. The ll. & \V. 1"). Drew ('Yonlpany,
Jacksonville, Florida.

State Board Regulation
relating to
INTERNAL ACCOUNTING
(June 1, 1948)

(As authorized by Section 230.43 (7) and Section 236.02
(1) of Florida Statutes, 1941, and amended by Chapter
23726, Laws of Fl