DA--Management of Funds

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File: DA

 

 

MANAGEMENT OF FUNDS

 

 

The superintendent or superintendent’s designee is responsible for administering the division budget in accordance with Board policies and applicable state and federal regulations and laws. The superintendent or superintendent’s designee uses appropriate fiscal planning and management methods, modeled after the best accepted business practices and directed toward the educational goals of the division.

 

If the appropriating body appropriates funds to the School Board by total expenditures, funds may be transferred by the School Board from one category to another. If funds are appropriated to the School Board by major classifications, no funds are expended by the School Board except in accordance with such classifications without the consent of the body appropriating the funds.

 

The superintendent may be authorized by the School Board to make line item transfers within a category.

 

The School Board manages and controls the funds made available to it for the public schools and incurs costs and expenses.

 

Adopted:          April 14, 2014

 

Legal Ref.:        Code of Virginia, 1950, as amended, §§ 22.1-78, 22.1-89, 22.1-94.

 

Cross Refs.:  DB          Annual Budget

DG       Custody and Disbursement of School Funds

DI        Financial Accounting and Reporting

DJ        Small Purchasing

DJA     Purchasing Authority

DJF      Purchasing Procedures

DK      Payment Procedures

DL       Payroll Procedures

 

 

© 2/14 VSBA  ALLEGHANY COUNTY PUBLIC SCHOOLS