Policy DBK

Code: DBK 
Adopted: 12/18/89
Readopted: 2/19/02
Orig. Code(s): DBK

Budget Transfer Authority

The annual budget is a plan and, as such, may be subject to change in response to circumstances or events occurring after the initial appropriation.

Only the Board is empowered to make intrafund and interfund changes to the adopted appropriations. The district administration will adhere to the following standards:

1. All appropriation transfers from one fund to another will be presented to the Board for approval;

2. All budget transfers including appropriation transfers involving $10,000 or more per transfer or which represent a material change in a given program will be presented to the Board as they are identified;

3. All other budget transfers within a fund will be controlled by the superintendent.

The district will make expenditures by line item within the budget approved by the budget committee and adopted by the Board.

Any funds budgeted but not needed will show as a resource in the next year’s budget. Should a purchase be under budgeted, the superintendent will be notified and permission to overexpend the line item will be sought.

Proposed capital account overexpenditures of $500 or more will be reported to the Board by the superintendent before the encumbrance is made, or, if an emergency, as soon as possible after the expenditure.

Funds will be spent as allocated in the budget except in situations of emergency or financial crisis as determined by the Board.


Legal Reference(s):

ORS 294.450