Table of Contents
6210 - FISCAL PLANNING
The School Board shall collect and assemble the information necessary to discharge its
responsibility for the fiscal management of the School District and to plan for the financial needs
of the educational program. The Board shall also maintain both short and long range
projections of District financial requirements.
As required by the Department of Education, the District shall annually provide revenue
projections related to student growth and class size reduction. This These projections must be
provided to and approved by the Department of Education prior to the legislative session where
the education budget and requirements are determined.
Pursuant to Florida statutes the Board shall develop, advertise, and then approve a budget for
each fiscal year, and monitor the budget status monthly. In addition, the Board shall develop a
Five (5) Year Capital Work Program and a Capital Outlay Plan.
It shall be the policy of the Board to contain costs where possible so that annual expenditures
do not exceed the annual resources. Furthermore, the Board shall strive to maintain an
unreserved fund balance in its operating funds equal to one percent (1%) of the annual
resources. To the extent resources are available, the contingency should be incrementally
increased until it reaches a maximum level of three percent (3%) of appropriations. Any use of
such funds to satisfy projected District obligations, such as funding provisions of a union
contract or supplementing the capital work program, shall be approved by the Board.
Therefore, recurring revenue estimates from existing sources shall serve as the ceiling for the
Superintendent's recommended annual budget. Capital expenditures shall be funded from a
local millage levy of two (2) mills, the local impact fees, and State capital outlay sources, unless
the Board specifically directs otherwise in advance of drafting the budget.
General Fund Aassigned fund balance accounts represent those that are constrained by the
District’s intent to be used for specific purposes, but not restricted, assigned committed or
nonspendable. Authority for making these assignments rests with the Superintendent. By the
end of the 2015-16 fiscal year a contingency reserve shall be maintained equal to a minimum of
five percent (5%) of General Fund revenues. The Superintendent shall obtain approval from the
School Board if at any time it is projected that this balance will not be maintained.
As required by Florida statutes and Board Policy 8310 - Public Records, all records related to
the annual budget, the Five (5) Year Capital Work Program, and the Capital Outlay Plan shall
be open to inspection by State officials as well as residents of Florida.
It is understood that the District's records and financial statements shall be audited annually as
provided in State statute. The auditor shall prepare and submit to the Board an annual review
and opinion of said records.
F.S. 1001.42