Q What actions of a faculty advisor qualify as “Administrative Involvement” as referred to in paragraph 11c (2) of GASB 84?

A If the faculty advisor is strictly making sure that the club is prohibiting spending for illegal activities (i.e. The advisor would not allow the club to run a gambling casino as a fundraiser), that would not be considered administrative involvement. If the faculty advisor has any other control other than prohibiting illegal activity or does any of the following, then that would be considered administrative involvement:
• Monitors compliance
• Determines eligible expenditures
• Has discretion on how assets are allocated
• Monitors compliance with spending guidelines established by the state through state law
If a school board establishes a policy related to how funds raised by clubs and organizations can be spent that is also administrative involvement.