DBK: Budget Transfer Authority

Classification: 
D: Fiscal Management
Code: 
DBK

Any transfer of funds subsequent to adoption of the final budget requires the approval of the Board of School Trustees (the “Board”). 

The Secretary-Treasurer will make periodic budget reconciliations between actual and budgeted revenues and expenditures; these reconciliations will be used as a guide for proposed transfers of funds between accounts during the current fiscal year.  Proposals for transfers will be presented to the appropriate Board Standing Committee that will then make its recommendation to the Board. 

DMT Responsibility: CONT.

Adopted Date: 
Monday October 18, 1982
Revision Date: 
Sep 1994
Jan 1999