Ala. Admin. Code r. 356-X-4-.04

Current through Register Vol. 43, No. 1, October 31, 2024

Section 356-X-4-.04 - Budgeting

(1) The purpose of the general budget is to translate into financial terms the educational objectives of the school and to set up an orderly means of accomplishing those objectives.

(2) Budget planning is a continuous process which includes participation by Board members, employees, on the administrative staff, and representatives of teachers, other personnel and interested citizens.

(3) The budget will be prepared in compliance with governing laws and regulations as well as sound business practices and procedures and will be recommended by the executive director to the Board on an annual basis.

(4) Budget adjustments which exceed ten percent of a budget line item will require Board approval. Budget transfers below ten percent will be reported periodically to the Board. Expenditures shall not exceed the total budget.

Author:

Ala. Admin. Code r. 356-X-4-.04

Filed September 30, 1982.

Statutory Authority: H.J.R. 145, September 17, 1971.