6030: Financial Reports
- 6000: Management
6030: Financial Reports
Adoption Date: Sept. 4, 2012
Monthly Report
The business office will prepare a monthly budget status report of the following funds:
- General Fund (GF);
- Capital Projects Fund (CPF);
- Debt Service Fund (DSF);
- Associated Student Body Fund (ASB Fund); and
- Transportation Vehicle Fund (TVF).
A “statement of financial condition” will be submitted to the board for each month. The superintendent will reconcile ending net cash and investments reported by the county treasurer with the district records for all funds. As part of the budget status report, the superintendent will provide each director with a brief written explanation of any significant deviation in revenue and/or expenditure projections that may affect the financial status of the district.
Annual Financial and Statistical Report
At the close of each fiscal year, the superintendent, as board secretary, will submit to the board an annual financial statistical report. The report will include at least a summary of financial operations for the year.
Cross References:
Board Policy 6020 System of Funds and Accounts
Legal References:
| RCW 28A.150.230 | Basic Education Act — District school directors responsibilities |
| RCW 28A.400.030(3) | Superintendent’s duties |
| WAC 392-123-110 | Monthly financial statements and reports prepared by school district administrator |
| WAC 392-123-115 | Monthly budget status reports |
| WAC 392-123-120 | Statement of financial condition — Financial position of the school district |
| WAC 392-123-125 | Personnel budget status report |
| WAC 392-123-132 | Reconciliation of monthly county treasurers’ statement to district records |