Policy 3110 – Preparation of Budget

Each year the Superintendent is required to submit to the Board of Education for their
consideration a detailed annual budget showing estimates of income and expenditures for the
ensuing fiscal year. The Board may accept, reject, modify or request revisions of the budget, but
will adopt a budget by June 30, according to statutory provisions.

By law the approved estimated expenditures for each fund cannot exceed the estimated revenues
to be received plus the unencumbered beginning cash balance for the fund. After the beginning
of the fiscal year, the Superintendent shall review with the Board the adopted budget in
relationship to the beginning cash balances for each fund.