Cut Bank School District

 

FINANCIAL MANAGEMENT      7310

 

Budget Implementation and Execution

 

Once adopted by the Board, the operating budget shall be administered by the Superintendent’s designees.  All actions of the Superintendent/designees in executing the programs and/or activities delineated in that budget are authorized according to these provisions:

 

1.            Expenditure of funds for the employment and assignment of staff shall meet the legal requirements of the State of Montana and adopted Board policies.

 

2.         Funds held for contingencies may not be expended without approval from the Board.

 

3.         A listing of warrants describing goods and/or services for which payment has been made must be presented for Board ratification each month.

 

4.            Purchases shall be made according to the legal requirements of the State of Montana and adopted Board policy.

 

 

 

Legal Reference:            § 20-9-213, MCA            Duties of trustees

§ 20-3-332, MCA            Personal immunity and liability of trustees

 

Policy History:

Adopted on:

Revised on: