DI Fiscal Accounting and Reporting

FISCAL ACCOUNTING AND REPORTING

The Superintendent will be ultimately responsible for receiving and properly accounting for all funds of the school system.

The accounting system used will conform with state requirements and with good accounting practices, providing for the appropriate separation of accounts, funds, and special monies.

The School Committee will receive periodic financial statements from the Superintendent or other reports from the Business Manager showing the financial condition of the School Department. Such other financial information as may be determined necessary or desirable by the Committee will be presented for review as the Committee may deem appropriate.

LEGAL REF.: Board of Education 603 CMR 10:00