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Longview School District

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Longview, WA, USA

Policy No. 6030

Management Support

 

MONTHLY FINANCIAL REPORT

The business office shall prepare a monthly report relative to the cash position of the following funds:

  1. General Fund
  2. Capital Projects Fund
  3. Debt Service Fund
  4. Associated Study Body Fund
  5. Transportation Vehicle Fund
  6. Expendable Trust Fund
  7. 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