6008 - Financial Procedures for Principals

School building administrators have responsibility and accountability for all financial matters relating to the school.

All funds collected at the building level, including those collected for the district, school activities, student organizations, or clubs, and any and all other programs shall be supervised by the principal. All funds held by the school are subject to audit by the district office and/or the school board's appointed auditor.

All purchasing and expenditure of funds by the school or by the district for the school, is the direct responsibility of the principal. The principal may use department chairman or others to help, but this does not relieve him of the ultimate responsibility. Purchase orders and a district approved accounting system will be used in each school to insure proper handling of funds. 

The building principal will be responsible to prepare and submit to the superintendent, proposed budget information each year. Once the budget is set by the board, the principals are accountable for staying within the budgeted funds. This shall involve both budgets for funds held at the school, and district budgets. Principals shall submit an annual financial report.