6030 Policy – Financial Reports

Monthly Report
The business office shall prepare a monthly budget status report of the following funds:

A. General fund

B. Capital projects fund

C. Debt service fund

D. Associated student body fund

E. Transportation vehicle fund.

The superintendent shall reconcile ending net cash and investments, revenues and expenditures reported by the county treasurer with the district records for all funds. As part of the budget status report, the superintendent shall provide each director with a brief written explanation of any significant deviation in revenue and/or expenditures that may affect the financial status of the district.

Annual Financial And Statistical Report
At the close of each fiscal year, the superintendent, as board secretary, shall submit to the board an annual financial statistical report. The report shall include at least a summary of financial operations for the year.



Adopted: 02/28/08
Signature Date: 02/28/08
Approved: Superintendent Approved
Legal References: Content

RCW  28A.150.230           Basic Education Act of 1977 — District school directors as accountable for proper operation of district — Scope — Responsibilities

28A.400.030(3)                 Superintendent’s duties

WAC 392-123-110             Monthly financial statements and reports prepared by school district administrator

392-123-115                       Monthly budget status report for general fund operations

392-123-120                       Statement of financial condition — Financial position of the school district

392-123-125                       Personnel budget status report Reconciliation of monthly county treasurers’ statement to district records