|School City of East Chicago|
|Bylaws & Policies|
6210 - FISCAL PLANNING
The School Board shall collect and assemble the information necessary to discharge its responsibility for the fiscal management of the School Corporation and to plan for the financial needs of the educational program. The Board will strive to maintain both short and long range projections of the Corporation's financial requirements.
Accordingly, the Board directs the Treasurer to:
|A.||include cost estimates of all ongoing financial requirements;|
|B.||prepare a long range year-by-year plan for the maintenance and replacement of facilities and equipment;|
|C.||maintain a plan of anticipated local, State, and Federal revenues;|
|D.||meet periodically with the municipal governing board to review planned expenditures and the joint effect of school and community costs on tax rates;|
|E.||report to the Board any serious financial implications that emerge from the Corporation's ongoing fiscal planning.|
In addition, the Board directs the Treasurer to maintain annually a detailed one (1) year forecast of estimated expenditures and revenues of the Capital Projects Funds.
© Neola 2006