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
E. 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.
At the close of each fiscal year, the superintendent, as board secretary, shall submit to the board an annual financial statistical report. 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
Adoption Date: