TITLE: Provide a financial process that strengthens student learning and leverages financial markets to the benefit of the district taxpayers. PROGRESS MEASUREMENT: Maintain a minimum of a 5% unassigned general operating fund balance with a periodic School Board’s review of that standard. TASKS: TIMELINE: Effectively manage the budget process to maintain a 5% Ongoing uncommitted general operating fund balance. Update on an annual basis the web-published “citizens” December 15, 2017 budget which includes an analysis that demonstrates the district’s commitment to student learning. Provide annual audited financial statement to the School After audit Board. completion Refinance existing bond issues if market conditions are Any time during favorable the fiscal year RESOURCES: Staffing Cost ROI District Office staff, State auditor $25,000; Comply with state and $75,000 for each federal statutes bond issue Maintain financial integrity of district’s operations and assets Maintain positive financial standings Reduced interests expenses save district tax payers Goal 2: Provide a financial process, business practices, and safe facilities to support the improvement of student learning. OBJECTIVE 2A (continued)
TITLE: Provide a financial process that strengthens student learning and leverages financial markets to the benefit of the district taxpayers. PROGRESS MEASUREMENT: Maintain a minimum of a 5% unassigned general operating fund balance with a periodic School Board’s review of that standard. TASKS: TIMELINE: Effectively manage the budget process to maintain a 5% uncommitted general operating fund balance. Ongoing Update on an annual basis the web-published “citizens” budget which includes an analysis that demonstrates the district’s commitment to student learning. December 15, 2017 Provide annual audited financial statement to the School Board. After audit completion Refinance existing bond issues if market conditions are favorable Any time during the fiscal year RESOURCES: Staffing District Office staff, State auditor Cost $25,000; $75,000 for each bond issue ROI Comply with state and federal statutes Maintain financial integrity of district’s operations and assets Maintain positive financial standings Reduced interests expenses save district tax payers Goal 2: Provide a financial process, business practices, and safe facilities to support the improvement of student learning. OBJECTIVE 2A (continued)