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DIC - Financial Reports and Statements

Code: DIC
Readopted: 5/15/17
Adopted: 9/08/97
Orig. Code(s): DIC

Appropriate staff member(s) will be available at any Board meeting, upon the Board’s request, to respond to questions and to present current financial information.  The superintendent will notify the Board at any time of substantial deviations in the anticipated revenues and/or expenditures.

The Board will receive monthly financial reports that include estimates of expenditures for the major general fund accounts in comparison to budget appropriations, actual receipts in comparison to budget estimates and the district’s overall cash condition.  Supplementary reports on other funds or accounts will be furnished upon request of the Board or superintendent.

The Board will receive a Comprehensive Annual Financial Report (CAFR) with the annual audit report presented by the district’s authorized auditor.

END OF POLICY


Legal Reference(s):
ORS 294.155
ORS 294.311
ORS Chapter 297
ORS 328.465
ORS 332.105
OAR 162-010-0000 to -0330
OAR 162-040-0000 to -0160
OAR 581-023-0037

Or. Dep’t of Educ, Program Budget and Accounting Manual. 

Cross Reference(s):
DIE - Audits
EH - Electronic Data Management