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NOTE:

For official copies of board policies and procedures please contact the superintendent's office at (253) 583-5190 or email supt@cloverpark.k12.wa.us

Financial Reports

Monthly Report

The business office will prepare a monthly budget status report of the following funds:

  1. General Fund (GF);
  2. Capital Projects Fund (CPF);
  3. Debt Service Fund (DSF);
  4. Associated Student Body Fund (ASB Fund); and
  5. Transportation Vehicle Fund (TVF).

A “statement of financial condition” will be submitted to the board each month. The superintendent or designee will reconcile ending net cash and investments, revenues and expenditures reported by the county treasurer with the district records for all funds.

Annual Financial and Statistical Report

After the close of each fiscal year, the superintendent or designee will submit to the board an annual financial statistical report. The report will include at least a summary of financial operations for the year.

 

Cross References: Board Policy 6020 System of Funds and Accounts

 

Legal References: RCW 28A.150.230 Basic Education Act — District school directors responsibilities
28A.400.030(3) Superintendent’s duties
 
WAC 392-123-110 Monthly financial statements and reports prepared by school district administrator
392-123-115 Monthly budget status reports
392-123-120 Statement of financial condition — Financial position of the school district
392-123-125 Personnel budget status report
392-123-132 Reconciliation of monthly county treasurers’ statement to district records

 

Adoption Date: 10.08.12

Clover Park School District

Revised:

Discretionary