DBJ
BUDGET - FUNCTION CODE TRANSFER POLICY
The Massachusetts Departments of Education and Revenue requires that a line item budget conform to the following categories:
1000 Administration
2000 Instruction
3000 Other School Services
4000 Operations and Maintenance of Plant
5000 Fixed Charges
6000 Community Services
7000 Acquisition of Fixed Assets
8000 Debt Retirement of Debt Services
9000 Programs with Other Systems
It is incumbent upon the Administration to maintain the School Committee's budget in a manner that adheres to the Departments' requirements. For the purpose of this policy, a line item change that necessitates the transfer of funds from one function code to another (e.g., 1000 Administration to 2000 Instruction) shall require School Committee approval. The transfer of funds within a given line item (e.g., 2000 Instruction) in order to balance the account is viewed as an administrative function consistent with the requirements of the Departments of Education and Revenue.
ADOPTED: 09/11/90 Amended: 02/15/06 Reviewed: 05/20/15