FILE:  DCE

Cf:  DC

 

BUDGETARY ITEMS TRANSFER AUTHORITY

 

 

The Acadia Parish School Board, Superintendent and staff shall continually evaluate the school district's budget and maintain required records which support entitlement and disposition of public funds.  Line items in the budget may be changed, with Board approval, at any time during the fiscal year, provided such change is consistent with existing laws and regulations of the State of Louisiana.  Any request for modification of a budgetary line item shall be approved by appropriate supervisory personnel and submitted to the Superintendent for consideration.

 

The Acadia Parish School Board shall authorize the Superintendent to make such changes within the various budget classifications as he/she may deem necessary provided that any reallocation of funds affecting in excess of five percent (5%) of the projected revenue collections shall be approved in advance by action of the School Board.  The Superintendent shall be directed to advise the School Board in writing when:

 

  1. Revenue collections plus projected revenue collections for the remainder of the year, within a fund, are failing to meet estimated annual budgeted revenues by five percent (5%) or more;
     

  2. Actual expenditures plus projected expenditures for the remainder of the year, within a fund, are exceeding the estimated budgeted expenditures by five percent (5%) or more; or
     

  3. The actual beginning fund balance, within a fund, fails to meet the estimated beginning fund balance by five percent (5%) or more, and the fund balance is being used to fund current year expenditures.

 

Furthermore, the School Board shall require that any additional expenditures to be incurred in the budget shall be offset by reducing expenditures elsewhere in the budget. Any increase in expenditures in the general fund without an offsetting reduction in expenditures elsewhere shall require a two-thirds (⅔) vote of the entire membership.

 

 

Ref:    La. Rev. Stat. Ann. §§39:1301, 39:1302, 39:1303, 39:1304, 39:1310

Board minutes, 9-13-99

 

Acadia Parish School Board