BP270

Policy Number: 
BP270
Policy Type: 
BUDGET AND FINANCIAL
Policy Title: 
GENERAL FUND CONTINGENCY

Board Contingency:
The annual budget shall set aside approximately one-half percent (0.5%) of the budgeted revenues each year for Board Contingency. Use of Board Contingency shall be at the discretion of the Board of Education and shall be allocated by formal approval of the board according to its policies.

Administrative Contingency:
Administrative Contingency shall be approximately one percent (1%) of the budgeted revenues each year. Administrative Contingency shall be allocated by approval of the president.

ADOPTED: January 14, 2004
REVIEWED: April 23, 2007
REVIEWED: November 4, 2009