Policy Type: Executive Limitations

Budgeting/Financial Planning (EL-7)

Financial planning for any fiscal year shall not deviate materially from the Board’s Ends policies, risk fiscal jeopardy to the district or fail to be derived from a multi-year plan.

Accordingly, the CEO may not present to the Board a recommended budget which:

1. Is not in a summary format understandable to the Board;

2. Fails to adequately describe revenues and expenditures;

3. Fails to show the amount spent in each program or area for the most recently completed fiscal year, the amount budgeted for each program or area for the current fiscal year and the amount recommended for the next fiscal year;

4. Fails to disclose budget planning assumptions;

5. Plans for the expenditure in any fiscal year of more funds than are conservatively projected to be received during the year;

6. Proposes to reduce the current fund balance at any time to an amount less than necessary to meet the district’s commitments when due;

7. Fails to provide adequate and reasonable budget support for Board development and other governance priorities, including the costs of fiscal audits, Board and committee meetings, Board memberships and district legal fees;

8. Fails to take into consideration fiscal soundness in future years or ignores the building of organizational capabilities sufficient to achieve Ends in future years; and

9. Fails to reflect anticipated changes in employee compensation, including inflationary adjustments, step increases, performance increases and benefits, environmental influences and market conditions.

Adopted: December 12, 2000
Monitoring Method: Internal Report
Monitoring Frequency: Annually in April

In compliance with federal laws, Guilford County Schools administers all educational programs, employment activities and admissions without discrimination because of race, religion, national or ethnic origin, color, age, military service, disability or gender, except where exemption is appropriate and allowed by law. Refer to the Board of Education's Discrimination Free Environment Policy AC for a complete statement. Inquiries or complaints should be directed to the Guilford County Schools Compliance Officer, 120 Franklin Boulevard, Greensboro, NC 27401; 336.370.2323.

All Guilford County Schools facilities, both educational and athletic, are tobacco-free learning environments.