School Budget

KENWOOD STATION ELEMENTARY SCHOOL COUNCIL POLICY

SCHOOL BUDGET-3001

TOPICS STATEMENT
a. Budgeting Process

A school budget shall be prepared annually based on the allocation from the Board. All funds received by the school from the Board shall be included in the budget.

b. Council The principal shall recommend approval of the annual school budget by the Council on or before March 31 of the preceding year or no later than three weeks after receipt of notice of final allocation of funding from the Board.
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 the 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 and audit policies of the policies of the Board. The audit shall be reported to the Council.

Proposed — Kenwood Station Elementary School Council — March, 2006

Approved- Kenwood Station Elementary School Council -- April, 2006