Budget planning and preparation shall be the responsibility of the board working through the superintendent. The superintendent or his or her designee shall develop all appropriate statistical and financial information required by the board to develop final budget plans.
Following preliminary planning, the proposed budget of this district shall be prepared and published no later than twenty-eight (28) days prior to this board's annual meeting. The board shall hold a public hearing on the proposed budget and shall adopt the budget at the public hearing or at a special meeting held no later than fourteen (14) days after the public hearing for the ensuing year.
Proper notice of the budget hearing shall be posted as required by law and a copy of the proposed budget shall be available for public inspection at all reasonable times at the administrative offices of the district.
A summary statement of the budget shall also be prepared and published for the ensuing year. The statement shall be in a manner consistent with standard accounting principles and in such form as required by the State Superintendent of Public Instruction.
The summary statement shall show amounts budgeted for all major classifications of income and expenditures, with total amounts budgeted with salary and wage expenditures in each such classification shown separately. The statement shall also show amounts previously budgeted for the then‑current year for the same classification of proposed comparison. The budgeted dollar amounts of revenue in those categories included within the provisions of Section 33‑802, Idaho Code, dealing with school levies, as approved within the adopted budget, shall be the same as presented to the respective county commissioners for tax levying purposes.
Once the budget is approved by the board, it shall serve as a spending plan for the fiscal year. However, the board shall have the authority to amend the budget as provided by law when circumstances warrant.
LEGAL REFERENCE:
Idaho Code Sections
33‑402 33‑801
33‑512(2) 33‑802
33‑701
ADOPTED: September 16, 2004