The district’s accounting and reporting system will be in accordance with generally accepted accounting procedures and will conform with state laws and regulations.
The superintendent will notify the Board at any time that substantial deviations from anticipated income or expenditures are anticipated, and will respond to questions about current financial status at any meeting of the Board.
The Board will generally receive monthly financial reports which will include estimates of expenditures for the major general fund budget division in comparison to budget appropriations, actual receipts in comparison to budget estimates and the overall cash condition of the district. Supplementary reports on other funds or accounts will be furnished on request of the Board.
END OF POLICY
ORS 294.155 ORS 328.465
ORS 294.311 ORS 332.105
ORS Chapter 297
Program Budgeting and Accounting Manual, Oregon Department of Education (2000).
DIE - Audits