R277-914-4. Fiscal Oversight of Student Organizations

  (1) A CTSO advisory board shall act consistent with fiscal procedures provided by the Superintendent.

  (2) A CTSO advisory board shall submit all required financial records for auditing on a schedule established by the Superintendent.

  (3) If requested by the Superintendent or the Board, a CTSO's financial records shall be submitted for auditing whenever there is a change in the CTSO advisor.

  (4)(a) The Superintendent shall designate a school district or institution to act as the fiscal agent for a CTSO's fiscal account.

  (b) The Superintendent shall work with the designated fiscal agent to provide oversight and accounting procedures for the CTSO fiscal account.

  (5) The funds designated for management of student organizations at the state level shall be dispersed by the designated state fiscal agent for CTSOs through separate accounts for salaries, operating expenses and national conference travel.