Jerome Joint School District No. 261

FINANCIAL MANAGEMENT   7600

Declaration of Financial Emergency

This section and related Board policies shall apply in the instance of the Board's consideration of a declaration of a financial emergency.  However, any subsequently enacted statute or amendment to existing statutes shall have control over this policy and replace this policy as well as all other related policies, procedures, and forms. 

The Board of Trustees is dedicated to sound and efficient financial management. The Board will consider declaring financial emergency if the District's financial situation warrants such a declaration consistent with the provisions of Idaho Code.

Prior to declaring a financial emergency, the Board shall hold a public meeting to receive input on possible solutions to the District's financial problems.

Legal reference: Description:

I.C. § 33-402 Notice Requirements

I.C. § 33-522 Financial Emergency

I.C. § 33-801 School District Budget

Policy History:

Adopted on: 08/27/2013

Revised on: 05/26/2026