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6030 - Financial Reports

BOARD POLICY No. 6030

FINANCIAL REPORTS

Monthly Report

The business office shall prepare a monthly budget status report of the following funds:

A. General fund,
B. Capital projects fund,
C. Debt service fund,
D. Associated student body fund, and
F. Transportation vehicle fund.

A "statement of financial condition" shall be submitted to the board each month. The superintendent shall reconcile ending net cash and investments, revenues and expenditures reported by the county treasurer with the district records for all funds. As part of the budget status report, the superintendent shall provide each director with a brief written explanation of any significant deviation in revenue and/or expenditure projections that may affect the financial status of the district.

Annual Financial and Statistical Report

The superintendent shall provide the board an annual financial report each fiscal year. The report shall include at least a summary of financial operations for the year.

Legal References:

RCW

28A.150.230

Basic Education Act of 1977--District school directors as accountable for proper operation of district--Scope--Responsibilities

28A.400.030(3) Superintendent's duties

WAC

392-123-110

Monthly financial statements and reports prepared by school district administrator

392-123-115

Monthly budget status report for general fund operations

392-123-120

Statement of financial condition--Financial position of the school district

392-123-125

Personnel budget status report

392-123-132

Reconciliation of monthly county treasurers' statement to district records

 

First Reading: February 19, 2002

Adopted by the Board: July 16, 2002

WALLA WALLA PUBLIC SCHOOLS • 364 South Park St. • Walla Walla, WA 99362 • Phone: 509-527-3000 • Fax: 509.529.7713

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