Monthly Financial Report Policy 6030
Management Support
MONTHLY FINANCIAL REPORT
The business office shall prepare a monthly report relative to the cash position of the following funds:
- General Fund
- Capital Projects Fund
- Debt Service Fund
- Associated Study Body Fund
- Transportation Vehicle Fund
- Expendable Trust Fund
- Nonexpendable Trust Fund
A “state of financial condition” shall be submitted to the board each month. The superintendent or designee shall reconcile ending fund balance, revenues, and expenditures reported by the county treasurer with the district records for all funds. As part of the budget status report, the superintendent or designee shall provide each director with a brief written explanation of any significant deviation in revenue and/or expenditure projections that may affect the financial status of the district.
Financial And Statistical Report
At the close of each fiscal year, the superintendent, as board secretary, shall submit to the board an annual financial statistical report. The report shall include at least a summary of financial operations for the year.
Legal References:
| RCW 28A.150.230 | Basic Education Act of 1977 — District school directors as accountable for proper operation of district — Scope — Responsibilities |
| 28A.400.030(3) | Superintendent's duties |
| WAC 392-123-110 | Monthly financial statements and reports prepared by school district Annual administrator |
| 392-123-115 | Monthly budget status report for general fund operations |
| 392-123-120 | Statement of financial condition — Financial position of the school district |
| 392-123-125 | Personnel budget status report |
| 392-123-132 | Reconciliation of monthly county treasurers' statement to district records |
Initially Adopted: November 15, 1984
Adopted: March 22, 2010