Arkansas Administrative Code
Agency 005 - DEPARTMENT OF EDUCATION
Division 01 - Division of Fiscal and Administrative Services
Rule 005.01.07-006 - ADE 284: Rules Governing the Use of Net Athletic Gate Receipts by Public School Districts
Universal Citation: AR Admin Rules 005.01.07-006
Current through Register Vol. 49, No. 9, September, 2024
1.00 Regulatory Authority
1.01 These rules
are enacted pursuant to the Arkansas State Board of Education's authority under
A.C.A. §§
6-11-105,
6-20-415, and Act 1043 of the 2007
regular session.
1.02 These rules
shall be known as the Arkansas Department of Education Rules Governing the Use
of Net Athletic Event Gate Receipts by Public School
Districts.
2.00 Purpose
2.01 The purpose of
these rules is to establish the procedures for public school districts to
follow in coding and reporting athletic expenditures that are paid from net
athletic event gate receipts.
3.00 Definitions
For the purposes of this rule, the following terms shall mean:
3.01 "Net athletic event gate
receipts" means the amount remaining from fees collected for admission to a
school district athletic event less any expenses paid by the school district
from those gate receipts.
3.01.1 "Net
athletic event gate receipts" shall include revenues generated from the sale
for reserved seating and the amount collected for admission to a school
district athletic event less any expenses, including any rental fee for a
facility used for an athletic event.
3.02 "Net athletic event gate receipts" does
not include any portion of admission fees charged by a school district for an
athletic event held at the school district or at a facility leased or rented by
the school district that is remitted or passed through to another entity
outside the district.
4.00 Procedures
4.01 Beginning in July 2007, school districts
shall establish a separate fund for athletic event gate receipts.
4.02 Revenues and expenditures from the
athletic event gate receipt funds shall be tracked and reported.
4.03 The local school board must approve the
use of net athletic event gate receipts to purchase athletic awards for
students participating in school-sponsored activities.
4.04 The school district shall not expend
from net athletic event gate receipts more than an average of $100 per student
participating per activity.
4.05
School districts may access private funds to purchase athletic
awards.
Disclaimer: These regulations may not be the most recent version. Arkansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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