Hinckley-Finlayson Public Schools
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​
HINCKLEY-FINLAYSON PUBLIC SCHOOLS
ESTABLISHMENT/ADOPTION OF SCHOOL DISTRICT BUDGET
POLICY # 701
 
 
PURPOSE
 
The purpose of this policy is to establish lines of authority and procedures for the establishment of the school district’s revenue and expenditure budgets.
 
GENERAL STATEMENT OF POLICY
 
It is the policy of this school district to establish its revenue and expenditure budgets in accordance with the applicable provisions of law.  Budget planning is an integral part of program planning so that the annual budget will effectively express and implement school board goals and the priorities of the school district.
 
REQUIREMENT
 
A.The superintendent or such other school official as designated by the superintendent or the school board shall each year prepare preliminary revenue and expenditure budgets for review by the school board or its designated committee or committees.  The preliminary budgets shall be accompanied by such written commentary as may be necessary for them to be clearly understood by the members of the school board and the public.  The school board shall review the projected revenues and expenditures for the school district for the next fiscal year and make such adjustments in the expenditure budget as necessary to carry out the education program within the revenues projected.
B.The school district must maintain separate accounts to identify revenues and expenditures for each building.  Expenditures shall be reported in compliance with Minn. Stat. § 123B.76.
C.Prior to July 1 of each year, the school board shall approve and adopt its initial revenue and expenditure budgets for the next school year.  The adopted expenditure budget document shall be considered the school board’s expenditure authorization for that school year.  No funds may be expended for any purpose in any school year prior to the adoption of the budget document which authorizes that expenditure for that year, or prior to the adoption of an amendment to that budget document by the school board to authorize that expenditure for that year.
D.Each year, the school district shall publish its adopted revenue and expenditure budgets for the current year, the actual revenues, expenditures, and fund balances for the prior year, and the projected fund balances for the current year in the form prescribed by the Commissioner within one week of the acceptance of the final audit by the school board, or November 30, whichever is earlier.  A statement shall be included in the publication that the complete budget in detail may be inspected by any resident of the school district upon request to the superintendent.  These budgets, reports of revenue, expenditures, and fund balances must be published in a newspaper of general circulation in the school district.  At the same time as this publication, the school district shall publish the other information required by Minn. Stat. § 123B.10.
E.At the public hearing on the adoption of the school district’s proposed property tax levy, the school board shall review its current budget and the proposed property taxes payable in the following calendar year.
F.The school district must also post the materials specified in Paragraph III.D. above on the school district’s official website, including a link to the school district’s school report card on the Minnesota Department of Education’s website.
G.The school district must also include the budget information specified in Paragraph III.D. above in the materials provided as part of its truth-in-taxation hearing.
 
IMPLEMENTATION
 
A.The school board places the responsibility for administering the adopted budget with the superintendent.  The superintendent may delegate duties related thereto to other school officials, but maintains the ultimate responsibility for this function.
B.The program-oriented budgeting system will be supported by a program-oriented accounting structure organized and operated on a fund basis as provided for in Minnesota statutes through the Uniform Financial Accounting and Reporting Standards for Minnesota School Districts (UFARS).
C.The superintendent or the superintendent’s designee is authorized to make payments of claims or salaries authorized by the adopted or amended budget prior to school board approval.
D.Supplies and capital equipment can be ordered prior to budget adoption only by authority of the school board.  If additional personnel are provided in the proposed budget, actual hiring may not occur until the budget is adopted unless otherwise approved by the school board.  Other funds to be expended in a subsequent school year may not be encumbered prior to budget adoption unless specifically approved by the school board.
E.The school district shall make such reports to the Commissioner as required relating to initial allocations of revenue, reallocations of revenue, and expenditures of funds.
 
 
Legal References:   Minn. Stat. § 123B.10 (Publication of Financial Information)
Minn. Stat. § 123B.76 (Expenditures; Reporting)
Minn. Stat. § 123B.77 (Accounting, Budgeting and Reporting Requirements)
Minn. Stat. § 126C.23 (Allocation of General Education Revenue)
Minn. Stat. § 275.065 (Truth in Taxation; Proposed Property Taxes; Notice)
 
Cross References:                MSBA/MASA Model Policy 701.1 (Modification of School District Budget)
MSBA/MASA Model Policy 702 (Accounting)
MSBA Service Manual, Chapter 7, Education Funding
 
 
Approved 9/24/09
Re-Approved 07/06/2015
Recommend for renewal 4/9/2018
 
 PO Box 308, 201 Main Street East, Hinckley MN 55037 • Telephone 320-384-6277 • Fax 320-384-6135 • Hours: M-F 7am - 4:30 pm
  • ISD 2165
    • District
    • Board of Education >
      • Accomplishments and Goals
      • Board Minutes
      • School Board Members
      • Literacy Plan
      • Notices
    • Testing Information
    • Career Opportunities
    • District Office Staff
    • District Policies
    • Indian Education
    • School Year Calendar
    • Superintendent >
      • Revenue and Expenditures
    • Activities Director
    • Curriculum Director
    • Technology Director
    • Transportation
    • Achievement and Integration Plan
    • World's Best Workforce
    • MDE School Report Card
  • Community Ed
  • Schools
    • Finlayson Elementary >
      • Office and Administration
      • Early Childhood Education >
        • ECFE
        • Enrollment Forms
        • Preschool F.A.Q.
        • Pre-School Handbook
      • Kindergarten
      • First and Second Grade
      • Third and Fourth Grade
      • Fifth and Sixth Grade
      • PE/Arts & Music
      • Resource Department
      • PTO
    • Hinckley Elementary >
      • Office and Administration
      • Kindness Wall
      • Early Childhood Education >
        • ECFE
        • Enrollment Forms
        • Preschool F.A.Q.
        • Pre-School Handbook
      • Kindergarten
      • First Grade
      • Second Grade
      • Third Grade
      • Fourth Grade
      • Fifth Grade
      • Sixth Grade
      • PE/Arts & Music
      • The Inspiration Zone
      • Resource Department >
        • Title One Education
        • Special Education
      • PTO
    • Hinckley-Finlayson High >
      • Office and Administration
      • English Department
      • Fine Arts Department
      • Home and Business Department
      • Math Department
      • Physical Education Department
      • Resource Department
      • Science Department
      • Social Studies Department
      • World Languages Department
    • Empower Learning Center
    • Pine County Transition Program
  • Activities
    • HF Sports Live Stream
    • Activities Director
    • Activity Registration
    • Activities Schedule
    • Athletic Trainer
    • Winter Sports >
      • Boys Hockey
    • Extra-Curricular Activities >
      • FCCLA
      • FFA
      • GSA
      • Native American Student Association
      • Minnesota Honor Society
    • Sports Facilities
    • FAQ
    • Community Education
  • Students
    • Website Links
    • Student Handbook
    • PSEO
    • School Year Calendar
    • Subject Matters
  • Parents
    • Choice Boards
    • Jaguar Track
    • MENUS >
      • Application for Reduced meals
      • Breakfast Menu
      • Elementary Lunch Menu
      • High School Lunch Menu
    • School Year Calendar
    • School News - The Jaguar Echo
    • Enrollment Forms
    • Student Handbooks >
      • Pre-School Handbook
      • Elementary Student Handbook
      • High School Student Handbook
    • Nurse's Desk
    • ParentVue & Schoology links >
      • ParentVue
      • Schoology site
      • ParentVUE Instructions
      • Schoology Access Code
    • Social Emotional Resources
    • Technology
  • Staff
    • Time Clock
    • Staff Resources >
      • Curriculum documents
      • Email Login
      • Employee Emergency Health Information
      • Fitness Center Agreement
      • Incident Report
      • Master Agreement
      • Schoology
      • SCRED
      • Staff Software Request Form
      • Skyward
      • Social Emotional Resources
      • Sp.Ed Forms
      • Synergy
    • Tech Help Desk
    • 3CX Login
    • Request for Transportation
    • Family Medical Leave Forms
    • Flex Reimbursement Form
    • MSHSL
    • District Claim Form
    • PD Request Form
    • Support Staff Handbook
    • Elementary Staff >
      • Elementary Staff Handbook
      • HES Sub Handbook
      • FES Sub Handbook
  • This Month