Policy CAG - District Fiscal Responsibilities
Issue Date: October 20, 2021
Updated: September 21, 2022
Establishment and Maintenance of Fiscal Policies and Procedures
The District shall establish fiscal policies and procedures which shall address all applicable state and federal statutes and regulations. These may have different components, specificity, and levels of complexity for the District’s elementary and secondary schools. They may reference specific training manuals or other resources that provide detailed descriptions of business practices which are too lengthy or detailed to include in the policy. The District’s fiscal policies shall at a minimum address (1) program accounting, (2) cash handling, (3) expenditures, (4) fundraising, (5) donations and gifts, and (6) financial reporting. (These areas may be covered in one or more policies.)
The District shall regularly review its fiscal policies and procedures. The District shall develop and follow a plan for annual training of District employees on policies and procedures specific to job function.
The District’s fiscal policies and procedures shall be made available at the District office, at individual District schools, and on the District’s website.