The Student News Site of Saratoga High School

The Saratoga Falcon

The Saratoga Falcon

The Saratoga Falcon

ASB notifies past classes of surplus funds, totalling about $50,000

Since the 1960s, each graduating senior class has fundraised tirelessly to make money for events like prom. Only recently has the administration told the ASB that leftovers of these funds, totaling to $50,826.62, are currently still sitting in separate bank accounts under the school.

The ASB has decided to notify past class presidents and treasurers via email to give them 60 days to collect their money before it is donated to charity.

The present ASB is also giving past officers the option to donate their money toward a charity the ASB has chosen.

“Technically, after they graduate, it’s the ASB’s money. But a class has almost $20,000 in its accounts,” current ASB treasurer Robert Eng said. “So as a courtesy, we are now going to ask them, ‘Hey do you want your money?’”

If a class chooses to keep its money, the funds will likely go to class reunions.

“You need two officers to make a private bank account and transfer the money over,” Eng added. “But technically, if the two officers were sketchy, they could go and buy a bunch of purses with the money.”

If past classes do not collect their money before the due date, the ASB plans to donate the funds to charity.

“Instead of just putting it into an account for general funds, we have a very specific charity in mind [that is still a secret] which we will use this money for,” Eng said.

Leave a Comment
Donate to The Saratoga Falcon

Your donation will support the student journalists of Saratoga High School. Your contribution will allow us to purchase equipment and cover our annual website hosting costs.

More to Discover
Donate to The Saratoga Falcon

Comments (0)

All The Saratoga Falcon Picks Reader Picks Sort: Newest

Your email address will not be published. Required fields are marked *