6220 - BUDGET (APPROPRIATIONS) PREPARATION

Cedar Springs Public School District

Administrative Guidelines

6220 - BUDGET (APPROPRIATIONS) PREPARATION

The budget is formulated under the direction of the Finance Director using a cooperative budgeting system in which the principals and department supervisors develop throughout the year, a list of items for implementing the instructional program, and/or for day-to-day operations in their schools/departments that they wish to include in the next budget. Prior to the start of the budget preparation process, the Finance Director will prepare a Timetable for Budget Preparation by which the preparation, review, and approval will take place.

At the beginning of each budget year, the Finance Director and Superintendent will estimate the costs of District-wide operations such as staff, building maintenance, transportation, capital improvements, etc. The Administrative Team work collaboratively to establish an overall balanced budget.

The completed tentative budget shall contain:

	A.	the amount budgeted for proposed expenditures by funds, functions, and object;

	B.	the corresponding amounts budgeted by fund, function, and object that were actually expended during the last completed fiscal year and anticipated to be expended during the current fiscal year;

	C.	all revenues anticipated for the ensuing fiscal year classified as to funds and sources of income, including only those revenues which can be reasonably anticipated and excluding contingency revenues.

The proposed expenditures and anticipated revenues in the budget shall be supported by explanatory schedules or statements of sufficient detail to judge the validity thereof, including a statement which shall summarize the aggregate of revenues, appropriations, assets, and liabilities of each fund, in balanced relations.