3010 - BUSINESS - REVENUE & BUDGETING - STATE
SCHOOL FUND
The District shall participate in the Uniform School Fund, which the State Board of Education shall apportion annually to the school districts according to the weighted pupil units for each district.
FOUNDATION SCHOOL PROGRAM
The District may participate in the Utah School District Foundation (the "Foundation Fund"), which provides State financial aid for personnel salaries, current operating expenses, categorical programs, and transportation services.
Requirements
To facilitate participation and receive financial support from the Foundation Fund the District may, with Board approval:
- Certify matching funds from private enterprise.
- Certify compliance with guidelines for educational excellence established by the State Board of Education.
- Establish a foundation as authorized by statute to assist in the development and implementation of programs that rely on matching private and public funding to promote educational excellence. The District's foundation:
A. may solicit and receive contributions from private enterprises earmarked for use in the foundation's programs to promote educational excellence;
B. may not incur contractual obligations or liabilities which in any way constitute a claim against the District's funds:
C. may not exercise executive, administrative or rule making authority over the programs except to the extent specified by the Board;
D. is exempt from all taxes levied by the State or any of its political subdivisions with respect to any activity undertaken to promote or undertaken in connection with promotion of educational excellence.
Adopted: 4-19-95 * GRAND COUNTY SCHOOL DISTRICT * Moab, Utah
3020 - BUSINESS - REVENUE & BUDGETING - LOCAL
REVENUE
Revenue from local sources is revenue produced within the school district and available to the district in the amount produced. This includes taxes, tuition from patrons, transportation fees, gifts, bequests, earnings from temporary deposits and investments, rents, and other miscellaneous sources which are not covered by other revenue receipt accounts.
TAXES
The Board shall levy local school taxes and fix the rate of taxation for the purpose of raising revenue to meet the necessary expenses of the schools. Such levies shall be in accordance with State statutes.
BORROWING IN ANTICIPATION OF TAXES
The Board may borrow money in anticipation of the collection of taxes or other revenue of the School District so long as it complies with the Utah Municipal Bond Act.
INDEBTEDNESS PURPOSES & LIMITATIONS
The Board may incur indebtedness for any purpose in the interest of education but shall not incur any indebtedness in excess of the estimated District revenues for the current school year, unless approved by the qualified voters of the District.
VOTING TO INCUR BOND INDEBTEDNESS
The Board may in conformance with the Utah Municipal Bond Act require, by a majority vote of the Board Members, that the qualified voters of the district vote on a proposition as to whether to incur indebtedness by bonding, provided that:
- the debts of the District are equal to school taxes and other estimated revenues for the school year; and
- the Board determines either of the following:
A. additional indebtedness must be incurred by the District to maintain and support schools in the district; or
B. it is advisable to issue school district bonds to purchase school sites, buildings or furnishings or to improve school district property.
Refunding Bonds
The Board shall test the validity of all bonds to be refunded in the following manner:
- The Board shall have published once a week for two successive weeks in a newspaper published in the school district a notice describing with sufficient particularity for identification the bond or bonds intended to be refunded.
- The notice shall require any person objecting to the legality, regularity, or validity of the bonds, their issue or sale, or the indebtedness represented by the bonds, to appear before the Board at a specified place within the district on a specified day and time.
- The time may not be less than 14 nor more than 60 days after the first publication or posting of the notice.
- The notice shall require the person to appear at the meeting with his objections in writing, duly verified.
- The Board shall convene at the time and place specified in the notice and receive all objections as prescribed in Subsection (4).
- The objections shall be filed with and preserved by the Board.
- If no written objections are presented at the time and place specified in the notice, the Board shall so certify.
- All persons are then prohibited from questioning in any manner or proceeding the legality, regularity, or validity of the bond or bonds, their issue or sale, or the indebtedness represented by the bonds, and the Board may then refund the bonds.
- Any person filing a written objection under Subsection (4) shall, within 20 days after the filing, commence appropriate legal proceedings against the Board and others as may be proper parties, in the district court for the county in which the school district is situated, to challenge and determine the legality, regularity, and validity of the bond or bonds, their issue and sale, or the indebtedness represented by them.
- Failure to commence the proceedings within 20 days bars the person filing objections from questioning, in any manner or proceeding, the legality, regularity, or validity of the bond or bonds, their issue or sale, or the indebtedness represented by the bonds.
- Upon proof of failure to commence proceedings, by certificate of the clerk of the court, the Board may refund the bonds.
Adopted: 4-19-95; Revised 03-15-00 * GRAND COUNTY SCHOOL DISTRICT * Moab, Utah
3030 - BUSINESS - REVENUE & BUDGETING - BUDGET
SCHOOL BOARD BUDGET
Prior to 22nd day of June of each year, the Board shall adopt a budget and make appropriations for the next fiscal year.
Tax Rate
The Board shall comply with the provisions of the Tax Increase Disclosure Act if the tax rate in the proposed budget exceeds the tax rate defined in Utah Code Ann. 59-9-924. If the certified rate is to be exceeded the Board would approve a tentative budget by June 22nd and a final budget adopted by August 22nd.
Budget Planning
The Superintendent shall be and act as budget officer.
Prior to the adoption of the budget, the Board shall study the school program in relation to the present and future needs of the students, the patrons, and the community. In an effort to make the budget a comprehensive reflection of the financial needs of the school program, steps shall be taken to involve representatives of the licensed and classified staff, and the administrative staff in the developmental process. The procedure for the involvement of these representatives shall be developed by the Superintendent of Schools and implemented by his or her office upon the formal approval of the Board.
Adoption of Budget
Prior to adoption of a budget, the Board shall hold an open, public hearing on the proposed budget. In preparation of the hearing, the Board shall:
- Publish notice that the Board will consider and adopt a budget at the designated Board meeting in a newspaper of general circulation within the district at least one week prior to the meeting;
- File a copy of the proposed budget with the Board's business administrator for public inspection at least ten days prior to the hearing.
Filing Budget
The Board shall file a copy of the adopted budget with the State Auditor and the State Board of Education within 20 days after it is adopted.
Undistributed Reserve
The Board may place an undistributed reserve in the budget that does not exceed 5% of the maintenance and operation budget.
Application of Undistributed Reserve
The Board may appropriate all or part of the undistributed reserve made to any expenditure classification in the maintenance and operation budget by a written resolution adopted by a majority vote of the Board. The writing shall state the reasons for the appropriations. A copy of the written resolution shall be filed with the State Board of Education and the State Auditor.
Restrictions on Undistributed Reserve
The Board may not use the undistributed reserve in the negotiation or settlement of contract salaries for school district employees.
Limit on Appropriations
The Board shall not make any appropriation in excess of the District's estimated expendable revenue, including undistributed reserves, for the following fiscal year.
Reduction of Budget Appropriations
The Board may reduce any budget appropriation at its regular meetings if notice of the proposed action is given to all Board members and the district Superintendent at least one week prior to the meeting.
Increase in Budget Appropriation
The Board may increase any budget appropriation only if:
- The Superintendent sets forth in a writing delivered to the Board a request to increase a specified budget appropriation and states the reasons for the proposed increase; and
- Notice that the request will be considered by the Board is published in a newspaper of general circulation at least one week prior to the board meeting at which the request is considered; and
- The Board holds a public hearing on the request prior to acting on the request and approves the increase by a majority vote of Board members.
Adopted: 4-19-95; Revised 03-15-00 * GRAND COUNTY SCHOOL DISTRICT * Moab, Utah
