Monthly Report

The business office will prepare a monthly budget status report of the following funds: 

1. General Fund (GF)
   
   
2. Capital Projects Fund (CPF)
   
   
3. Debt Service Fund (DSF)
   
   
4. Associated Student Body Fund (ASB Fund); and
   
   
5. Transportation Vehicle Fund (TVF). 

A “statement of financial condition” will be submitted to the board each month. The superintendent will reconcile ending net cash and investments, revenues and expenditures reported by the county treasurer with the district records for all funds. As part of the budget status report, the superintendent will 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.

Annual Financial and Statistical Report

At the close of each fiscal year, the superintendent, as board secretary, will submit to the board an annual financial statistical report. The report shall include at least a summary of financial operations for the year.

Cross References:      
Board Policy 6020         System of Funds and Accounts   

Legal References:    
RCW 28A.150.230           Basic Education Act – District school directors –Responsibilities
RCW 28A.400.030(3)     Superintendent’s Duties
WAC 392-123-110          Monthly financial statements and reports prepared by school district administrator
392-123-115                    Monthly budget status reports
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

ADOPTED: 04/23/1998
REVISED: 06/25/98; 07/25/13