BUDGET IMPLEMENTATION | Policy Manual | Jefferson, School District of

6231 - BUDGET IMPLEMENTATION

The Board places the responsibility of administering the budget, once adopted, with the District Administrator.

The District Administrator is authorized to proceed with making financial commitments, purchases, and other expenditures within limits provided in the Board-approved budget, limitations stated in Board policies, and within legal authority expressed in State statutes.

Listings of expenditures, appropriate financial reports, and budget comparison reports shall be submitted monthly to the Board to keep members informed as to the status of the budget and overall financial condition of the District. Once each month, the Board minutes shall include a statement of the receipts and expenditures in the aggregate.

If, during the fiscal year, it appears to the District Administrator that actual revenues are less than estimated revenues, including the available equity upon which the appropriations from the fund were based, the District Administrator shall present to the Board recommended amendments to the budget that will prevent unplanned expenditures from Fund Balance. The District Administrator shall make recommendations in accordance with requirements of the law and provisions of negotiated agreements. Such budget amendments must be approved by a two-thirds (2/3's) affirmative vote of the entire membership of the Board.

LINE ITEM TRANSFER AUTHORITY

After the District’s budget has been approved, periodic administrative review may identify needs to transfer funds in order to maintain quality education. The Board authorizes the District Administrator to make budget transfers within major function classifications within any fund that he/she feels are necessary to continue to meet the needs of the district.

The Board, as it sees fit, may authorize transfers between or within funds and major function classifications as recommended by the District Administrator. The purposes of appropriations stated in the budget may not be changed unless authorized by a two-thirds (2/3's) vote of the entire Board.

Revised 1/27/25
T.C. 8/11/25