Warrington School/Board Of Trustees/Financial Planning Policy
From WikiEducator
National Administration Guideline 4
Warrington School Financial Condition Policy
The board of trustees has overall responsibility for the financial management of the school but delegates the day-to-day management of the school’s finance and budget to the principal. This budget will include a professional development budget allocation for the principal and the staff. Budgeting shall not fail to reflect the annual plan, risk financial jeopardy nor fail to show a generally acceptable level of foresight. |
Thus the budget should not neglect to:
- 1. reflect the results sought by the board
- 2. reflect the priorities as established by the board
- 3. comply with the board’s requirement of a balanced budget
- 4. ensure adequate working capital
- 5. demonstrate an appropriate degree of conservatism in all estimates
Review schedule: Annually