Budgeting
Handbook 3 Table of Contents
Regents of the University
Acknowledgment
Foreword
I. BUDGET POLICY
THE NEED FOR BOARD OF EDUCATION
POLICY
POLICY AS OPPOSED TO
ADMINISTRATIVE REGULATIONS
SUGGESTED CONTENT OF POLICY
STATEMENT
II. LEGAL ASPECTS
RESPONSIBILITY OF BOARDS OF
EDUCATION TO PREPARE BUDGETS
LEGAL PROCESS INVOLVED IN
ADOPTING BUDGETS
AVAILABILITY OF PROPOSED BUDGETS
ADOPTION OF THE REGULAR BUDGET
CONTINGENT BUDGET
TAXING POWER
TOTAL EXPENDITURES NOT TO EXCEED
APPROPRIATIONS
BUDGET TRANSFERS AND SUPPLEMENTAL
APPROPRIATIONS
INTERNAL CONTROLS
III. A BUDGET PLANNING GUIDE
BUDGET CALENDAR
LONG-TERM PLANNING
IV. BUDGET PROCESS
UNIFORM SYSTEM OF ACCOUNTS
SEQUENCE OF EVENTS
FUND BALANCE
AUTHORIZATION
POPULAR BUDGET
BUDGET DEFEATS
V. BUDGET IMPLEMENTATION
MONITORING THE BUDGET
BUDGET TRANSFERS
VI. OTHER FUNDS
SCHOOL LUNCH FUND
SCHOOL STORE FUND
SPECIAL AID FUND
DEBT SERVICE FUND
CAPITAL PROJECT FUNDS
VII. RESERVES
WORKERS' COMPENSATION RESERVE
UNEMPLOYMENT INSURANCE RESERVE
REPAIR RESERVE
CAPITAL RESERVE
INSURANCE RESERVE
PROPERTY LOSS RESERVE AND
LIABILITY RESERVE
MANDATORY RESERVE FOR DEBT
SERVICE
RESERVE FOR TAX REDUCTION
TAX CERTIORARI RESERVE
VIII. THE INDEPENDENT AUDIT
IX. FUND BALANCE
X. AUTOMATION OF BUDGETARY AND
ACCOUNTING PROCESSES
APPENDIX A
Sample Budget Calendars
APPENDIX B
Sample Budget Development
Planning Guide
APPENDIX C
QUESTIONS AND ANSWERS
APPENDIX D
SAMPLE NOTICES
APPENDIX E
SAMPLE PROPOSITIONS
APPENDIX F
BOARD OF EDUCATION RESPONSIBILITY
FOR THE DETERMINATION OF ORDINARY CONTINGENT EXPENSES
APPENDIX G
Formal Opinion of Counsel No. 213
(1967)
APPENDIX H
CONVERSION OF THE BUDGET TO THREE
COMPONENTS
APPENDIX I
Section 170.8 of the
Commissioner's Regulations
APPENDIX J
Budget Notification Form
