The State Legislature passed a law during its last session that significantly impacts the operation of all school support groups. This includes foundations, booster clubs, parent organizations, and other similar organizations that raise funds to support local schools or the system as a whole. The new law has several new requirements included that are intended to ensure the safe-keeping of funds raised by such organizations. All local Boards of Education are required to adopt a policy explaining how the school system will operate in partnership with such organizations.
The new law contains specific provisions including, but not limited to the following:
1) What state requirements for being considered a non-profit must be met
2) What determines whether funds raised are considered school funds or support organization funds
3) Who can serve as a treasurer of a school support organization
4) What must be done by a school support organization prior to being able to raise funds
5) What financial management rules must be followed when handling funds
The Greeneville City School System is greatly appreciative of the many different groups that work very hard to provide additional funds, materials, and equipment for our schools. We want to do everything possible to avoid doing anything that will hamper these efforts, while at the same time ensuring that the intent of the law is implemented.