Lewisburg Area School District Policies	Printable version
602 Budget Planning 602. BUDGET PLANNING The budget shall be designed to reflect the Board's objectives for the education of the children of the district. Therefore, it must be organized and planned to ensure adequate understanding of the finan cial needs associated with program support and devel opment. This necessitates a continuous review of the financial requirements of the district's programs. To meet the objectives of this policy, the Board directs the Superintendent or his/her designee annually to: a. propose a budget of expenditures and revenues forthe ensuing year; b. prepare an estimate of anticipated school enrollment for the ensuing year; c. maintain a plan of anticipated revenues based on changes in State and Federal legislation; d. maintain an unrestricted fund balance of not lessthan 6% of the annual general operating budget; e. report to the Board any serious financial implications arising from the budget plan; and f. prepare long range budget projections (5 years) which reflect estimated general expenditures and revenues, annual maintenance and replacement of facilities, and enrollment patterns.