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512

Management of Deficit Funds

Background

In the event a site shows a deficit, the site is to be held accountable for the deficit.

Procedures

  1. When a site shows a deficit, the Superintendent will report to the Board the reasons for the deficit and indicate an appropriate action plan to correct the situation.
  2. Principals and site supervisors shall address year-end deficits in the following fiscal year, unless otherwise arranged with the Superintendent.

References:

Sections 20, 60, 61, 113, 116 School Act

Board Policy 12 Role of the Superintendent

 

June 2008