DBJ Budget Transfer Authority

BUDGET TRANSFER AUTHORITY

In keeping with the need for periodic reconciliation of the School Department’s budget, the School Committee will consider requests for transfers of funds as they are recommended by the Superintendent.

The Committee wishes to be kept abreast of the need for these adjustments so that it may act promptly and expedite financial recordkeeping for the school system.

All requests for transfers between the major accounts (Department of Elementary and Secondary Education Chart of Accounts defines these as the 4 digit accounts ending in 000 and can be found at http://www.doe.mass.edu/finance/accounting/eoy/), such as Operating and Maintenance of Plant, must be submitted to the School Committee for approval. Transfers between line items within a major account must be reported to the School Committee as part of the School Business Administrator’s quarterly report at the business meetings of the School Committee. Transfers between personnel and non-personnel accounts and transfers between building accounts must be submitted to the School Committee for approval.

All funds in the general account not expended by the close of the fiscal year will ordinarily be returned to the town.

CROSS REF.: BBA, School Committee Powers and Duties

Approved September 6, 2016