School Generated Funds are funds collected by the school for specific purposes or activities through fundraising, extracurricular activities, donations and user fees. The funds that are collected are spent on school projects, extra-curricular and/or student activities, and facility fees. Extracurricular fees are charged for sports teams, clubs, student unions or programs designed to broaden the school experience. Fundraising is often done by students and parents to alleviate the costs.
School Generated Funds may include funds held in trust and administered by the school for a Parent Advisory Committee (PAC). At some schools, however, funds raised by a PAC may not be reflected in School Generated Fund reporting as some PACs may be incorporated societies and have their own accounts that are not maintained by school staff.