6030 Policy – Financial Reports Monthly Report

The Finance Department shall prepare a monthly budget status report of the following funds:

1. General fund;
2. Capital projects fund;
3. Debt service fund;
4. Associated student body fund; and
5. Transportation vehicle fund.

The superintendent or designee shall reconcile ending net cash and investments, revenues and expenditures reported by the county treasurer with the district records for all funds. As part of the budget status report, the superintendent shall provide each director with a brief written explanation of any significant deviation in revenue and/or expenditures 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, shall submit to the board an annual financial statistical report. The report shall include at least a summary of financial operations for the year.
 

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

 

Adopted: 2/28/08

Revised: 9/13/23

Superintendent or Board Approved: Superintendent Approved