6220.1

Funds Covered

The District's operation and educational plan is reflected in its budgets. Each year, the Board of Education will cause to have prepared and then review and approve the following Fund budgets:

A.

General Fund

B.

Debt Retirement Fund

C.

Lunch Fund

D.

Athletic Fund

Each budget shall be designed to carry out District operations in a thorough and efficient manner, maintain District facilities properly, and honor continuing obligations of the Board.

The Board shall ensure that adequate funds are reserved for the General Fund to maintain a secure financial position whereby the fund equity shall not fall below ten percent (10%) of the preceding year's expenditures. Ten percent (10%) shall be considered a minimum, and the Board shall strive at all times to hold an average General Fund equity of twenty-five percent (25%) of the General fund expenditure for the preceding year, because such a position allows the financial flexibility for the District to take advantage of multiple opportunities for expenditure savings and investment income which would otherwise not be available to it.

A proposed budget requires the critical analysis of every member of the Board prior to approval; once adopted, the budget deserves the support of all members of the Board regardless of their position before its adoption.

6220.2

Information Required

The Board directs the Superintendent to present the budgets to the Board each year along with all available information associated with each budget in sufficient time to allow for proper analysis and discussion prior to the budget hearing.