NORTH OLDHAM HIGH SCHOOL
SCHOOL-BASED DECISION MAKING COUNCIL POLICY
SCHOOL BUDGET 3001
| TOPIC | STATEMENT |
|---|---|
| a. Budgeting Process |
A school budget shall be prepared annually based on the allocation from the Board. All funds expended by the school shall be included in the budget. The budget shall include a complete financial forecast of both anticipated receipts and the expenditures for the school year and shall be prepared on forms approved by the Superintendent. Prior to the end of the school year, each staff group that will be involved in a particular activity account shall be required to develop a working budget and a narrative explanation of expenditures. This budget shall be the work of the members of the group with the advice of the team leader or sponsor. |
| b. Council Approval | The Principal, with the assistance of the Budget Committee, shall submit and recommend a draft budget within the allocation level approved by the Board for the Council’s consideration. The principal shall recommend approval of the annual school budget by the Council on or before the deadline given by the Superintendent each year. |
| c. Expenditures | Expenditures of funds allocated to the school shall be pursuant to all fiscal policies of the Board. Funds may be moved from one activity account to another only with approval of the principal. The principal shall approve each expenditure. Expenditures shall not exceed appropriations. |
| d. Audit | Accounting for funds shall be pursuant to all fiscal and audit policies of the Board. The audit shall be reported to the Council. |
Adopted: October 25, 2005
Revised: March 17, 2009