Policy 6.02

District Budget

1. Annual Budget Preparation and Adoption

1. The Superintendent shall submit to the Board a balanced annual budget prepared in accordance with the timelines set forth in Florida Statutes. The annual budget shall direct resources to accomplish the School District goals. Annual school and department budgets will be prepared in accordance with the District's Planning and Budgeting Manual. The annual capital budget will be prepared in accordance with the District's five year capital plan.

2. Public Hearings will be held by the Board to adopt the millage rates and tentative budget for each fiscal year.

3. Upon adoption by the Board the District budget will be transmitted to the Florida Department of Education.

2. Budget Amendments

1. Budget amendments will be summarized and regularly presented to the Board for approval. General, Special Revenue-Other, and Capital Projects Funds will be presented to the Board on a monthly basis that corresponds with the financial close of each calendar month following the date of adoption. Other fund budgets will be presented to the Board as necessary when material changes occur during the fiscal year. All funds will be presented to the Board at adoption and at year end.

2. Budget amendments will be inclusive of all changes to revenue and appropriations. Approved Board Agenda items with a financial impact will be included in the monthly budget amendments.

3. As provided for in Florida Statutes, expenditures may temporarily exceed the amount budgeted by function and object. The budget will be amended on a monthly basis to eliminate any such temporary line item deficits. Expenditures may not exceed the total budget for any one fund.

Page 6.0611