FILE:  DC

Cf:  DCI, DIB

 

ANNUAL OPERATING BUDGET

 

 

The Richland Parish School Board shall approve an annual budget for the general fund and each special revenue fund for the fiscal year July 1 to June 30, no later than September fifteenth of each year.  The School Board shall submit to the State Superintendent, no later than September thirtieth of each year, a general summary of the adopted budget.  The summary shall include projected revenues/receipts, expenditures/disbursements, beginning and ending fund and cash balances.

 

It shall be the responsibility of the Superintendent and designated members of his/her staff to prepare the operating budgets for submission to the Board.  The budgets shall be prepared on forms in accordance with such rules and regulations as may be prescribed by statutes and by the State Superintendent of Education.  Said budgets shall be submitted to the Board for the purposes of revision and approval prior to submission to the State Superintendent.

 

After the Board has reviewed the proposed budget and made desired changes, if any, the Board shall cause to be published a notice in the official journal stating that the proposed budget is available for public inspection no later than fifteen (15) days prior to the beginning date for budget adoption.  The notice shall also state that a public hearing on the proposed budget shall be held specifying the date, time, and place of the hearing.  The proposed budget shall not be considered for adoption or otherwise finalized until at least one (1) public hearing has been conducted on the proposal.  The Board shall also cause to be published in the official journal a general summary indicative of the proposed budget.  The summary shall be published at least ten (10) days prior to the date of the first public hearing and may be published in the same advertisement as the notice of availability of the proposed budget and the public hearing.  The summary shall include:

 

  1. Information on estimated funds available and anticipated disbursements; and
     

  2. Explanations of significant changes from the prior years budget.

 

The Board shall certify completion of all action required by publishing a notice in the same manner as provided above.

 

No budget shall be approved where expenditures exceed the expected means of financing.  Budget Revisions shall be presented for Board approval as needed throughout the year.  The budget shall be reviewed periodically and such financial reports as the Board directs shall be prepared and presented to the Board by the Superintendent.

 

 

Ref:     La. Rev. Stat. Ann. ยงยง17:88, 17:89, 39:1301, 39:1302, 39:1303, 39:1304, 39:1305, 39:1306, 39:1307, 39:1308, 39:1309, 39:1310, 39:1311, 39:1312, 39:1313, 39:1314

 

Richland Parish School Board