2.4. Financial Planning and Budgeting

  • First Reading: May 18, 2021

    Adopted: June 1, 2021

    Policy Title: 2.4. Financial Planning and Budgeting
    The Superintendent shall not cause or allow financial planning for any fiscal year or the remaining part of any fiscal year to deviate materially from the board’s Ends priorities, risk financial jeopardy, or fail to be derived from a multi year plan.
    Further, without limiting the scope of the foregoing by this enumeration, there will be no financial plans that

    1. Risk incurring those situations or conditions described as unacceptable in the board policy “Financial Condition and Activities (2.3).”
    2. Omit credible projection of revenues and expenses, separation of capital and operational items, cash flow, and disclosure of planning assumptions.
    3. Provide less for board prerogatives during the year than is set forth in the Governance Investment Policy.
    4. Omit disclosure of anticipated impact(s) of proposed budget.