DIC - Financial Reports and Statements

Code: DIC
Adopted: 8/13/97

Appropriate staff member(s) will be available at any Board meeting, upon the Board’s request, to respond to questions and to present current financial information.  The superintendent will notify the Board at any time of substantial deviations in the anticipated revenues and/or expenditures.

The Board will receive and ratify monthly financial reports as a consent agenda item at regularly scheduled Board meetings.  Such reports will include estimates of expenditures for the major general fund accounts in comparison to budget appropriations, actual receipts in comparison to budget estimates and the district’s overall cash condition.  Supplementary reports on other funds or accounts will be furnished upon request of the Board or superintendent.

The Board will receive a report recapping the year-end closure of financial statements prior to the end of the fiscal year.


Legal Reference(s)

Program Budgeting and Accounting Manual, Oregon Department of Education (2000).

Cross Reference(s):

DIE - Audits