1215 W. Lewis Street
7421 - Monthly Financial Report Policy
FINANCIAL MANAGEMENT
Monthly Financial Report
The business office shall prepare a monthly budget status report of the following funds:
A. General fund,
B. Capital projects fund,
C. Debt service fund,
D. Associated student body fund, and
E. Transportation vehicle fund.
A “statement of financial condition” shall be submitted to the board each month. The superintendent shall reconcile ending net cash and investments, revenues and expenditures reported by the county treasurer with the district records for all funds. As part of the budget status report, the superintendent shall provide each director with a brief written explanation of any significant deviation in revenue and/or expenditure projections that may affect the financial status of the district.
Legal References: WAC 392-123-110 Monthly financial statements and reports
prepared by school district
administrator
WAC 392-123-115 Monthly budget status report for general
fund operations
WAC 392-123-120 Statement of financial condition –
Financial position of the school
district
WAC 392-123-125 Personnel budget status report
WAC 392-123-132 Reconciliation of monthly county
treasurers’ statement to district
records
Adoption Date: July 23, 1996