Policy Information
Series 5000 - NON-INSTRUCTIONAL/BUSINESS OPERATIONS
BUDGET
Contingency Budget
Policy # 5150

The School District budget for any school year or any part of such budget, or any proposition involving the expenditure of money for such school year, shall not be submitted for a vote of the qualified voters of the District more than twice in any school year.

 

         If the original proposed budget is not approved by District voters at the Annual District Meeting and Election, the Board has the option of either resubmitting the original or revised budget for voter approval at a special meeting held at a later date; or the Board may, at that point, adopt a contingency budget. If the Board decides to submit either the original or a revised budget to the voters for a second time, and the voters do not approve the second budget submittal, the Board must adopt a contingency budget and the tax levy cannot exceed the total tax levy of the prior year (0% levy growth).

 

         The administrative component of the contingency budget shall not comprise a greater percentage of the contingency budget exclusive of the capital component than the lesser of:

 

a)      The percentage the administrative component had comprised in the prior year budget exclusive of the capital component; or

 

b)      The percentage the administrative component had comprised in the last proposed defeated budget exclusive of the capital component.

Policy References:
Education Law Sections 2002, 2023, 2023-a, 2024 and 2601-a

Adoption Date: 12/20/2011, Revised: 4/23/2013
5000 - NON-INSTRUCTIONAL/BUSINESS OPERATIONS