DBG - LRSD Board Policy | www.lrsd.org

DBG - LRSD Board Policy

Published by jackbgarvey on Mon, 07/08/2013 - 17:00

LITTLE ROCK SCHOOL DISTRICT - NEPN CODE:  DBG

 

BUDGET ADOPTION PROCESS

Once the proposed budget has been prepared by the administration, the Board will hold budget hearings to discuss the proposed budget and resolve questions relative to budget items.  Budget information will be available to the community.

The Board will adopt a working budget for the next fiscal period in the June Board meeting.  The final adopted budget will be submitted to the State Department of Education.

As required by state law, the Board will approve a budget for the fiscal period following the one about to begin.  This budget should be approved in the June Board meeting.  This budget is required to be published in a local newspaper no less than sixty days prior to the annual school election.  This budget is the basis for the annual school election that sets out the tax rate for the next tax cycle for the District.

 

 

Adopted:  March 24, 2000

Legal Reference:  ACA 6-13-622, 6-14-102