9220 - Finance Policy

Policy 9220

SCHOOL FACILITIES

FinanceThe board shall attempt to add moneys to the capital projects fund regularly in such amounts as are available and appropriate to the district’s needs as projected by the facilities master plan.  Moneys in that fund which are not immediately needed shall be invested in those securities permitted by law which shall provide maximum return to the fund.  In addition to those moneys, the board shall seek authority from district electors to issue bonds for school construction when specific projects are anticipated.  The board shall also seek matching funds from the state board of education to the maximum extent available as well as any federal funds that may be available.

 

 

 

Legal References:       RCW   28A.525.020               Duties of state board of education
                                       RCW   28A.525.080               Federal grants – Rules and regulations
                                       RCW   28A.320.310               Investment of idle building funds –
                                                                                                Restrictions

 

 

Adoption Date:           April 23, 1996