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EL 6 - Financial Planning and Budgeting

Policy Type: Executive Limitations

Policy Title: Financial Planning and Budgeting

Date Adopted: June 13, 2019
Date Reviewed: November 17, 2023
Date Amended:

The Superintendent shall not cause or allow financial planning for any fiscal year or the remaining part of any fiscal year that:

  • Deviates materially from Board Ends priorities; or
  • Risks financial jeopardy.

The Superintendent will not allow budgeting which:

  1. Risks incurring those situations or conditions described as unacceptable in the Executive Limitations policy entitled “Financial Condition & Activities;”
  2. Omits:
    1. Credible projection of revenues and expenses;
    2. Cash flow analysis, and
    3. Disclosure of planning assumptions; or
  3. Provides less than the amount determined annually by the Board for the Board’s direct use during the year.


EL 5 - Financial Condition and Activities | EL 7 - Asset Protection