What type of transactions are included in school internal funds?

School internal funds primarily consist of cash and check transactions, which include the day-to-day financial activities conducted within a school. These funds typically pertain to operational activities, such as collecting fees, donations, fundraising revenues, and funds raised by student organizations. The handling of cash and checks reflects the immediate inflow and outflow of resources necessary for running school programs and activities.

While property sales, investment returns, and loan agreements might be part of a school's broader financial management context, they do not fall under the category of internal funds, which focus specifically on the ongoing transactions necessary for daily school operations. Internal funds are meant to support the operational budget and are not generally derived from long-term financial instruments or enhancements like sales or returns from investments.