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