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EASTON AREA
SCHOOL DISTRICT
No. 603
SECTION:
FINANCES
TITLE:
BUDGET PREPARATION
ADOPTED:
October 19, 2006
REVISED:
December 16, 2010
603. BUDGET PREPARATION
1.
Purpose
SC 687
The Board considers preparation of an annual budget to be one of its most important
responsibilities because the budget is the financial reflection of the district's
educational plan. The budget shall be designed to carry out that plan in a thorough
and efficient manner, to maintain the facilities, and to honor district obligations.
2.
Authority
The Board shall provide for the preparation and adoption of the annual budget, and
shall provide the funds necessary to finance the operation of the district. In
developing the operating annual budget, it will be the policy of the Board to provide
an optimum educational program for district students, consistent with the ability of
taxpayers to support such a program and efforts to achieve a balanced budget.
The budget should be studied by each Board member during its preparation; but
once adopted it deserves the support of all members of the Board.
3.
Delegation of
Responsibility
In order to ensure adequate time for preparation and review of the proposed budget,
the Board requests that the Business Manager and/or Superintendent presents to the
Board and/or Finance Committee all available information associated with the
budget at least one hundred and ten (110) days prior to the primary election.
In preparing the budget, the responsible administrator shall set general priorities for
expenditures for:
1.
Staff for maintenance of current programs.
2.
Technology, equipment and supplies for maintenance of current programs.
3.
Maintenance of existing facilities and equipment.
4.
New staff necessary for improvement or expansion of current programs.
5.
New technology, equipment and supplies necessary for improvement or
expansion of current programs.
603. BUDGET PREPARATION - Pg. 2
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As a component of budget preparation, the Business Manager shall notify the Board
of the appropriate Index to be used in limiting tax increases for the budget year.
53 P.S.
Sec. 6926.302
Sec. 6926.333
When presented for Board review, the preliminary, proposed, and final budget shall
contain:
1.
Actual and/ or estimated revenue and expenditures in each financial category for
the previous and current fiscal years.
2.
Estimated revenue and expenditures in each financial category for the
upcoming school year.
3.
Student population for the upcoming school year.
4.
Amount of surplus anticipated at the end of the current fiscal school year.
5.
Explanation of each item of expense proposed, upon request.
6.
Listing of all exceptions for which the district may be eligible.
7.
Relation of the estimated tax increase to the Index limitation for the district.
8.
Programs, services or expenditures to be eliminated if referendum is rejected.
9.
Increase, if any, of tax rate in relation to the Index.