Accounting Process for Athletic Fundraising

All billings from the re-occurring athletic fundraising from scoreboard advertising, Lesh Arena banners, and Stanion Field banners will be sent out from the Pratt Community College business office. Additional fundraising sources will be included as needed. The Athletic Director will provide the Vice President of Finance and Operations with a spreadsheet update by September 1 each year with billing information for the year. The Athletic Director will include how the net revenue is to be allocated among athletic auxiliary accounts. Billings will be sent out by October 1 each year. The Vice President of Finance and Operations will provide a recap of the billings received and the outstanding accounts to the Athletic Director by January 15 each year.

Funds received will be deposited in the Pratt Community College Foundation account for the benefit of athletics. The funds net of expenses will be transferred from the Foundation to the Pratt Community College athletic auxiliary accounts as noted above.

X This is a new policy.

Policy Number: 

500-31

Policy Type: 

Administrative Policy

Adoption Date: 

Tuesday, October 5, 2010

Review Date: 

Tuesday, March 19, 2019

Revision Date: 

Tuesday, October 5, 2010