The Board of Education is responsible for the protection and supervision of the financial affairs of student clubs and extracurricular activities. The Principal of each school concerned will designate a competent, qualified faculty advisor for each club or organization, to be appointed by the Board of Education. The faculty advisor shall, as part of his/her duties, supervise the financial affairs of the club or organization. An audit of all accounts will be made annually by the school auditor.
Education Law §207
8 NYCRR Part 172