FISCAL MANAGEMENT GOALS
The quantity and quality of learning programs are directly dependent on the effective, efficient management of allocated funds. It fol­lows that achievement of the school system's purposes can best be achieved through excellent fiscal management.
As trustee of local, state, and federal funds allocated for use in public education, the Committee will fulfill its responsibility to see that these funds are used wisely for achievement of the purposes to which they are allocated.
Because of resource limitations, there is sometimes a temptation to operate so that fiscal concerns overshadow the educational pro­gram. Recognizing this, it is essential that the school system take specific action to make sure education remains central and that fiscal matters are ancillary and contribute to the educational program. This concept will be incorporated into Committee opera­tions and into all aspects of school system management and opera­tion.
In the school system's fiscal management, it is the Committee’s intent:
1. To engage in thorough advance planning, with staff and community involvement, in order to develop budgets and to guide expenditures so as to achieve the greatest educational returns and the greatest contributions to the educational program in relation to dollars expended.
2. To establish levels of funding that will provide high quality education for the students.
3. To use the best available techniques for budget development and management.
4. To provide timely and appropriate information to all staff with fiscal management responsibilities.
5. To establish maximum efficiency procedures for accounting, reporting, business, purchasing and delivery, payroll, payment of vendors and contractors, and all other areas of fiscal management.
The district will utilize a financial accounting system (accrual-basis accounting) that permits the reporting of all school district expenditures by fund source, object, and function, and permits the reporting of certain costs by program, grade level and school. The fund source, object function, program, grade level and school classifications for with reporting shall be required shall be those identified and described with specificity in guidelines for reporting student and financial data published by the Department of Education.

Adopted: Prior to 2013