ST. LOUIS BOARD OF EDUCATION POLICY
BUSINESS AND NON-INSTRUCTIONAL OPERATIONS
BUDGET
Budget as Spending Plan with Controls

A system of fiscal control shall be established to govern the administration of the budget and expenditures.

The superintendent of schools, through the fiscal control officer, shall establish a system of fiscal and budgetary controls for all schools and departments in conformity with legal requirements and the actions of the board.

References

Legal:
Section 168.211 RSMo.

Policy adopted: June 26, 1990

Revised: February 9, 1999

R3170

ST. LOUIS BOARD OF EDUCATION REGULATION
BUSINESS AND NON-INSTRUCTIONAL OPERATIONS
BUDGET
Budget as Spending Plan with Controls

The Board of Education regularly reviews the fiscal condition of the district, studies the district’s long-term fiscal needs, and develops and executes plans for assuring the fiscal viability of the district. The superintendent is responsible for the expenditure and accounting of all funds in accordance with the budget.

Program administrators have the primary responsibility to continuously monitor expenditures and encumbrances to ensure that they do not exceed appropriations. Overall responsibility for monitoring rests with the fiscal control office.

Reports will be distributed on a regular basis that summarize and compare current appropriations with year-to-date expenditures and encumbrances. These reports are the primary monitoring tools for field and central office administrators and will provide information for projecting total spending by the current spending patterns.

Levels of responsibility for monitoring appropriations and expenditures will be governed by the administrative organization table.

Reference

Legal: Missouri School Improvement Program Standard 13.4

Regulation approved: June 26, 1990

Revised: September 8, 1998

Revised: February 9, 1999