Administrative Procedure - Fiscal Philosophy

The Superintendent or his designee shall develop the district budget within the following guidelines:

1. The budget shall provide for the continued delivery of high quality educational programs.
2. The budget shall provide for educating students in safe, secure and physically sound facilities.
3. The administration shall provide the Board of Education with a balanced budget unless one-time planned expenditures or revenue reduction of the district occur in a given fiscal year which may account for a one-time Fund Account deficit.
4. The district shall maintain staffing patterns that align with class size targets and state or federally mandated requirements.
5. The unreserved General Fund balance shall be maintained at an acceptable level so as to continue to provide the community with uninterrupted programs or services.
• The General Fund balance shall be maintained at no less than 10% of the preceding years operating expenditures.
• If the unreserved fund balances can not be maintained at the specified levels the administration shall provide the board with alternative operating recommendations.
• Early tax revenues received by the District prior to July 1 of the fiscal year for which they are intended shall not be expended until the new fiscal year commences.
  
  
  

Reviewed: April 14, 2008
Adopted: April 28, 2008
Revisions Adopted: