Disposition of Unbudgeted Revenue

FILE: DED

Critical

DISPOSITION OF UNBUDGETED REVENUE

The Board of Education recognizes that due to special circumstances , the school district may occasionally receive revenue not budgeted.

In the event such revenues are received, the Board will disburse the revenues in accordance with any provisions or requirements accompanying the allocation. The Board,when authorized to establish local policy pertaining to the procedure and schedule for the disbursement of such revenues, shall establish an appropriate policy upon therecommendation of the superintendent.

Recommendations for procedural guidelines specifying a disbursement plan for moneys designated to the teachers' fund should be determined after receiving the suggestionsof the professional staff. However , in accordance with state constitutional provisions, unbudgeted revenue received during the budget year shall not alter compensation ofemployees within the current contract period.

Adopted : 08117/2000

Cross Refs: DI, Fiscal Accounting and Reporting/Accounting System Legal Refs:

Mo. Const., Art. III, §§ 38(a), 39(3)

§ 168.110, RSMo.

Mo. Atty. Gen. Op., No. 211, Belt, May 6, 1970

New Franklin R-1 School District, New Franklin, Missouri