Policy DC/DCC/DCE: Annual Budget Procedures

BOARD POLICY
Descriptive Code: DC/DCC/DCE

ANNUAL BUDGET PROCEDURES
Date: May 18, 1999

The Superintendent shall annually prepare and submit to the Board of Education an estimated budget of the receipts from all sources and its proposed expenditures for the next year. The budget shall be according to forms prescribed and furnished by the State Board.

The Board shall endeavor to seek broad input in the preparation of the budget.

The budget shall be prepared in tentative form under the direction of the Superintendent and shall be presented to the Board in sufficient time to allow adoption at the June regular meeting of the Board. The Superintendent's presentation shall be timed so that the Board may have an adequate period of time in which to fully review the budgetary documents and also meet all regulations of the State Board of Education pertaining to local system budgets.

The Board of Education shall adopt an annual budget which it deems adequate to defray all necessary expenses of the Newton County School District. Proposed expenditures may not exceed estimated resources.

The Superintendent is authorized by the Board to approve adjustments of less than 5 percent of the amount budgeted for expenditures in any budget function.

Only by action of the Board shall the Superintendent be authorized to spend funds that exceed the total budget.

ADOPTED: 8/16/88

Newton County Board of Education