MANAGEMENT OF SCHOOL BUDGETS

Background

The primary focus of the District’s budgeting process is to ensure that adequate human and material resources are provided to support student learning at the school level. Resources are allocated to schools on an equitable basis according to sound education principles.

Procedures

1. Principals are to receive their annual operating budget projections in the spring based upon projected student enrolment as of September 30.
2. Principals are to each meet individually with District Finance staff in the spring of each year to discuss their school’s proposed budget priorities.
3. Principals are to review their annual operating budget projections with their school staff in a timely manner.
4. Targeted school operating budget surpluses (rollover funds) at year-end may be carried over to the following fiscal year.
5. Non Public funds that are permitted to be carried over will be carried over in a manner that distinguishes them from the funds in section 1.
6. Principals are prohibited from incurring operating budget deficits.
7. Exemptions from this Administrative Procedure may be granted in exceptional circumstances. Requests for exemptions are to be forwarded in writing to the Superintendent for approval.
   1. A copy of an approved request will be forwarded by the Superintendent to the Secretary Treasurer.