Southern Local School District
Administrative Guidelines
 

6220 - BUDGET PREPARATION

The budget is formulated under the direction of the Treasurer using a cooperative budgeting system in which the Superintendent develop throughout the year a list of items to be included in the next budget for the implementation of the instructional program and the day-to-day operations in their schools. The Superintendent and Treasurer estimates the costs of District-wide operations such as staff recruiting, building maintenance, transportation, capital improvements, etc.

 A.The Treasurer in cooperation with the Superintendent shall then compute the resources available. They shall endeavor to match planned expenditures with available resources, so that a balanced budget will be provided for presentation to the Board as the proposed tentative budget.
 B.The completed tentative budget shall contain:
  1.The amount budgeted for proposed expenditures by funds, functions and objectives.
  2.The corresponding amounts budgeted by fund, function and objective that were actually expended during the last completed fiscal year, and anticipated to be expended during the current fiscal year.
  3.All revenues anticipated for the ensuing fiscal year classified as to funds and sources of income, including only those revenues which can be reasonably anticipated and excluding contingency revenues.
  4.The proposed expenditures and anticipated revenues in the budget shall be supported by explanatory schedules or statements of sufficient detail to judge the validity thereof, including a statement which shall summarize the aggregate of revenues, appropriations, assets, and liabilities of each fund, in balanced relations.