The Board of Education considers the preparation of an annual budget to be one of its most important functions as the budget is the financial reflection of the educational plan for the District.

The Board shall establish a Board Service Fund which shall not exceed the greater of $2.00 per enrolled student or $20,000. Appropriations from this fund shall not exceed the sum specified by R.C. 3315.15.

The budget should be scrutinized with care by each member of the Board during its preparation, but once adopted, it deserves the support of all members of the Board regardless of their position when adoption was voted.

In order to ensure adequate time for the preparation and review of the proposed budget, the Board requests that the Superintendent and Treasurer present to the Board all available information associated with the budget by January 15th.

The budget should evolve primarily from the needs of the individual schools as expressed by the central administration, and be compatible with the approved District plans.

In preparing the budget, the responsible administrator shall set the following general considerations for expenditures:

When presented to the Board for review, the budget shall contain the proposed expenditure in each financial category for the ensuing school year, an estimate of unencumbered balances, all revenues from sources other than the general property tax, the amount each category requires from the general property tax, the anticipated (or budgeted) expenditure in each financial category for the current school year, the anticipated revenues showing sources and amounts of each, and the amount of surplus anticipated at the end of the current school year.

R.C. 3315.15, 5705.28(A)(1), 5705.29, 5705.30

Revised 1/17/95