| Medina City Schools |
| Bylaws & Policies |
6220 - TAX BUDGET PREPARATION
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 the General Fund as well as the other funds which comprise the tax budget.
The Board shall establish a Board Service Fund which shall not exceed the greater of two dollars ($2.00) per enrolled student or $20,000. Appropriations from this fund shall not exceed the sum specified by R.C. 3315.15.
The tax 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 tax budget requires the critical analysis of every member of the Board. Once adopted, the tax budget deserves the support of all members of the Board regardless of their position before its adoption.
The Board directs the Treasurer to present the tax budget to the Board along with all available information associated with each fund in sufficient time to allow for proper analysis and discussion prior to the hearing.
When presented to the Board for review and/or adoption, the tax budget shall indicate the information required by the State Auditor's Office, which includes:
| A. | the proposed expenditure in each financial category for the ensuing year; | |
| B. | the anticipated expenditure in each financial category for the current year; | |
| C. | the actual expenditures in each financial category of the General Fund for the previous year; | |
| D. | the sources and amounts of anticipated revenues; |
E. the amount of fund equity anticipated at the end of the current year.
R.C. 3315.15, 5705.28(A)(1), 5705.29, 5705.30