Board Policies

Adoption Date: Dec 27, 1993

The Corporation’s operation and educational plan is reflected in its budget.  Each year, the Board will cause to have prepared and then review and approve the General Fund, Transportation Fund, Capital Projects Fund, The Special Education Fund, and the Debt Service Fund which constitute the budget of the Corporation.

The budget shall be designed to carry out Corporation educational program and operations in a through and efficient manner, maintain Corporation facilities properly, and honor continuing obligations of the Board.

The Board directs the Superintendent to present the budget to the Board, along with all available information associated with each Fund, in sufficient time for proper review and discussion and in compliance with Indiana Code.

Budget development will be on a cost center basis with input from the staff.

When presented to the Board for review and/or adoption, the proposed budget shall include, as appropriate:

A. the number and category of staff members for the current and the ensuing year based upon student estimated enrollment;

B. the proposed expenditure in each financial category for the ensuing year;

C. the anticipated expenditure in each financial category for the current year;

D. the actual expenditure and the approved budget in each financial category for the previous year;

E. an explanation of each item of expense proposed for the ensuing year;

F. the sources and amounts of anticipated revenues;

G. the anticipated cash balance at the end of the current year;

H. an appropriate resolution.

I.C. 21-2-11-2 et seq., 21-2-15
This page was last modified: