Policy – x
Adopted – 7/16/1998
Revised – 9/19/2002
The Governing Board is committed to ensuring the fiscal health of the District and providing public accountability. The Board shall adopt sound fiscal policies and oversee the District’s financial condition.
The Superintendent or designee shall regularly keep the Board informed about the District’s finances and shall submit timely reports so that the Board can take appropriate action to ensure the District’s financial stability. The Superintendent or designee may recommend amendments to the District’s budgeted revenues and expenditures as may be necessary to maintain a balanced budget.
The Board recognizes the need to implement the required accounting and financial reporting standards stipulated by the Governmental Accounting Standards Board and the California Department of Education. The District’s goal is to properly account for the financial and economic resources of the District and to enhance the understandability and usefulness of external financial reports for the community.
The Superintendent or designee shall ensure that all financial reports, including a Management Discussion and Analysis, are prepared in accordance with law and in conformity with generally accepted accounting principles.
17150 Public disclosure of non-voter-approved debt
33127 Standards and criteria for local budgets and expenditures
33128 Standards and criteria; inclusions
33129 Standards and criteria; use by local agencies
35035 Powers and duties of superintendent
41010-41023 Accounting system
41455 Examination of financial problems of local Districts
42100-42105 Requirement to prepare and file annual statement
42127.6 School District operations monitoring; financial obligation nonpayment
42130-42134 Financial reports and certifications
42140-42142 Public disclosure of fiscal obligations
3540.2 School District; qualified or negative certification; proposed agreement review and comment
16429.1 Local agency investment fund
53646 Reports of investment policy and compliance
CODE OF REGULATIONS, TITLE 5
15453-15463 Criteria and Standards for School District Interim Reports
15480-15490 Criteria and Standards for County Office of Education Reports
GOVERNMENTAL STANDARDS ACCOUNTING BOARD
Statement 34, Basic Financial Statements – and Management’s Discussion and Analysis – For State and Local Governments, June 1999
Governmental Accounting Standards Board: http://www.gasb.org