Board Policies3000 Business & Instruction Support Operations
BP 3400Management of District Assets-Accounts
Policy Details
- Status
- Active
- Cross references
- Adopted
- 1/12/2009
The Superintendent will provide ongoing internal accounting controls and a means for the accounting of income and expenditures as outlined in the adopted budget. Outstanding Encumbrances Encumbrances outstanding at the end of any fiscal year will be designated as non-lapsing appropriations to be carried forward to the subsequent year’s budget. Fund Balance Designations of fund balance must be approved by the Board. Audits The Board will provide for an annual audit of District accounts by a certified public accountant who has no personal interest in District fiscal affairs. The audit will be conducted in accordance with the requirements of state and federal regulations. Legal Reference: ALASKA STATUTES 14. 08.111 Duties (Regional school boards) 14.14.050 Annual Audit 14.14.060 Relationship between borough school district and borough 14.14.065 Relationship between city school district and city 14.17.505 Fund balance in school operating fund ALASKA ADMINISTRATIVE CODE 4 AAC 06.120 Accounting and audit manuals, charts of accounts, code descriptions 4 AAC 06.121 Annual financial reporting requirements 4 AAC 09.130 School district audit 4 AAC 09.160 Fund balance |