Jerome Joint School District No. 261

FINANCIAL MANAGEMENT 7120

Budget Adjustments

Because of the inherent limitations in the budgeting process, including changes in enrollment, changes in staff

requirements and changes in projected revenue, it may become necessary to modify the budget during the fiscal

year. The business manager will review the budget periodically and make recommendations to the Board of

Trustees for changes using the following guidelines:



• The superintendent or designee will approve transfers between budgeted items for amounts less than

$25,000.

•  The superintendent or designee will approve budget revisions for amounts less than $25,000.

•  Budget revisions that exceed $15,000 will be submitted to the Board of Trustees for approval with

appropriate notice and published once as required by Idaho Code.

Prior to the final vote on a budget amendment proposal, notice shall be posted and published once in the manner

prescribed by Idaho law. The meeting to adopt a budget amendment shall be open and shall provide opportunity

for any taxpayer to appear and be heard. Budget procedures shall be consistent with statutory requirements.

With timely notice of a public meeting, trustees, by sixty percent (60%) of the members of the Board of Trustees,

may declare by resolution that a budget amendment is necessary to reflect the availability of funds and the

requirements of the District. Budget amendments are specifically authorized by I.C. § 33‐701.

Revenue derived from maintenance and operation levies made pursuant to I.C. § 33‐802(2) are excluded from

budget adjustments.

Budget amendments shall be submitted to the state superintendent of public instruction.

Legal Reference: I.C. § 33‐701 Fiscal year – Payment and accounting of funds

Policy History:

Adopted on: 11/21/2006

Revised on: