8000

FISCAL MANAGEMENT

8000

As trustee of county, state, federal, and other miscellaneous funds allocated for use in local public education, the Board has the responsibility to protect the funds and use them wisely.  The Board and the administration shall:

A.

Encourage advance planning and utilize the best possible budget process and procedures as an essential element of program and financial planning and identifying school system needs and priorities.

B.

Explore all practical and legal sources of income.

C.

Utilize funds in a manner designed to achieve the greatest educational returns.

D.

Develop and maintain efficient and effective financial accounting and reporting procedures.

E.

Be cost-efficient and utilize resources in the most effective manner and continue energy conservation efforts.

Legal Reference: G. S. 115C, Article 31

Adopted: August 9, 1976

Revised: September 20, 1982

Revised: April 18, 1988

Revised: June 15, 1992