2.4.8 Budget

2.4.8 Budget

 
2.4.8.1 – Deposits.  All funds of the District’s operating budget shall be deposited in a bank to be named by the Board.  Funds shall not be deposited in stocks, bonds, money market funds, or any other investments.
 
2.4.8.2 – Payments.  All expenses shall be paid by checks signed by or electronic transfers initiated only by the District Administrator, Treasurer, or District Governor.  Any check or electronic transfer of funds in the amount of more than $500 must be signed or authorized by two of the three of those persons.  For situations where two signatures are required, if a second signer/authorizer is not available and the circumstances require immediate action, the Board may authorize another member of the Board to co-sign.
 
2.4.8.3 – Fiscal Year.  The fiscal year of the District shall be July 1 through June 30.                                                           
 
2.4.8.4 – Budget.  By January 10, the Finance Team shall remind all teams that budget requests will be due to the Finance Team by February 1 in order to be considered for the next fiscal year’s budget.  Before the Board adopts a budget for the next fiscal year, the procedures in 2.4.6.3 shall be followed.
 
2.4.8.5 – Reimbursable Expenses.  Reasonable expenses incurred by teams in furtherance of their responsibilities are reimbursable from the district operating budget when the expenses are included in the budget and are substantiated.
 
2.4.8 MOPP - Budget - 06-17-19
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