BP260

Policy Number: 
BP260
Policy Type: 
EXECUTIVE DIRECTIONS
Policy Title: 
FINANCIAL PLANNING AND BUDGETING

Financial planning for any fiscal year or the remaining part of any fiscal year shall reflect the board's end priorities, avoid fiscal jeopardy, and shall be derived from a multi-year plan.

Accordingly, the president shall assure budgeting that:

  1. Complies with Oregon Local Budget Law.
  2. Contains sufficient information to enable credible projections of resources and expenditures as presented in the Budget Document in accordance with Oregon Local Budget Law.
  3. Discloses planning assumptions.
  4. Limits expenditures in any fiscal year to conservatively projected resources for that period.
  5. Maintains current assets at any time to at least twice current liabilities.
  6. Complies with budget and financial policies contained in Section E.

ADOPTED: November 9, 1998
REVISED: April 12, 2000
REVISED: January 14, 2004
REVIEWED: October 10, 2007
REVIEWED: March 17, 2010
REVIEWED: May 8, 2013