DBI – Budget Implementation

The Superintendent shall be authorized to expend funds in any amount authorized in the approved budget except as defined below. At the time of approval of each annual budget, the Board of Education may require further specific prior Board approval of any commitment for such budget categories as are not detailed in the approved budget because definitive planning has not yet been completed. In an emergency, the President or Vice President of the Board may authorize exceptions to this policy provided such occasions are promptly reported to all other members by telephone or in writing. The Superintendent shall be authorized to expend up to the adopted limit and to make transfers among subcategories up to the limit of that major category in conformity with state law. All policies having budgetary implications shall be reviewed automatically in the instance of community rejection in a mill levy election. When a contingency occurs, the Board of Education may transfer any unencumbered moneys in a manner as prescribed by statute.
Legal References: C.R.S. § 22‑44‑102 (3) (School District Budgets - Definitions)
C.R.S. § 22‑44‑106 (1) (Contingency Reserve - Operating Reserve)
C.R.S. § 22‑44‑112 (Transfer of Moneys)
C.R.S. § 22‑44‑113 (Borrowing from Funds)
C.R.S. § 22‑45‑103 (1)(a)(II,III) (Accounting & Reporting - Funds)
C.R.S. § 22‑53‑108 (2)(c), (3)(c) (repealed)
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