6030 Financial Reports

Monthly Report
The business office shall prepare a monthly budget status report of the following funds:
A. General Fund,
B. Capital Projects Fund,
C. Debt Service Fund,
D. Associated Student Body Fund, and
E. Transportation Vehicle Fund.
A “statement of financial condition” shall be submitted to the Board each month. Ending net cash and investments, revenues, and expenditures reported by the county treasurer shall be reconciled with the district records for all funds. As part of the budget status report, the superintendent shall provide each Board member 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
The annual financial and statistical report shall be available to the Board at the end of each fiscal year.
Legal References:
RCW 28A.150.230 Basic Education Act — District school directors as accountable for proper operation of district — Scope — 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 report
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
Adoption Date: 12/9/08
Franklin Pierce Schools
Classification: Priority