DI Fiscal Accounting and Reporting
NEPN/NSBA Code: DI 

FISCAL ACCOUNTING AND REPORTING 

The Superintendent shall be ultimately responsible for properly accounting for all funds of the school unit.

The accounting used shall be in accordance with requirements of the Maine Department of Education and with good accounting practices, providing for the appropriate separation of accounts, funds and special moneys.

The budget committee shall receive quarterly financial statements from the Superintendent showing the financial condition of the school system.

It shall be the duty of the Superintendent/designee to advise Principals and other administrators periodically of expenditures related to budget appropriations; and to prepare financial reports required by the Maine Department of Education or other agencies with jurisdiction.

Legal Reference: 
20-A MRSA § 1055

Adopted: May 13, 2003
Reviewed: November 4, 2009


M.S.A.D. #4