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 a financial emergency. However, any

subsequently enacted statute or amendment to existing statutes shall 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. Recognizing the limitations and

fluctuations on in funding and the potential negative impact on the District’s fiscal status due to historical revenue

and/or expenditure issues, the District must take specific action to ensure education remains the primary goal and

responsibility of the District. In the event that the financial situation of the District necessitates such action the

Board will consider a declaration of financial emergency.

Prior to declaring a financial emergency, the Board shall hold a public meeting for the purpose of receiving input

concerning possible solutions to the financial problems facing the District.

Legal reference: 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: