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Many of you have seen the disturbing news regarding the shooting at Freeman High School, which is near Spokane, Washington, this morning. Our thoughts and prayers go out to the students, their families and the surrounding community.

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Budgeting/Financial Planning

Policy type: Executive Limitations
Policy code: EL-10

Financial planning for any fiscal year shall align with Board’s End Results policies, ensure the district's financial position is fiscally sound and be derived from a multi-year plan.

Accordingly, the CEO shall develop a budget which:

    1. Is in a summary format understandable to the Board and community presented in a manner that allows the board to see the relationship between the budget and the Ends priorities for the year.
    2. Adequately describe revenues and expenditures.
    3. Shows the amount spent in each budget category for the most recently completed fiscal year, the amount budgeted for each category for the current fiscal year and the amount recommended for the next fiscal year.
    4. Discloses budget planning assumptions.
    5. Plans for the expenditures in any fiscal year to be equal or less than are conservatively projected to be available during the year.
    6. Provides necessary information to the Board on matters with a significant budgetary impact, allowing the Board adequate time to consider the information presented.
    7. Considers feedback from the Board.
    8. Provides for reasonable contingencies.
    9. Maintains the projected year-end fund balance is not less than five percent of the projected revenue.
    10. Provides adequate and reasonable budget support for Board development and other governance priorities, including the costs of fiscal audits, Board and committee meetings, Board memberships and district legal fees.
    11. Takes into consideration fiscal soundness in future years and builds on the organizational capabilities sufficient to achieve End Results in future years.
    12. Reflects anticipated changes in employee compensation, including inflationary adjustments, step increases, performance increases and benefits.
    13. Is based on reasonable consultation with appropriate constituent groups.

Adopted:
07/07/03

Revised:
09/25/06
09/27/10
11/19/12

Monitoring Method: Internal Report
Monitoring Frequency: Annually

Lake Washington School District Board of Directors

LWSD Superintendent reading to a group of students

Governance Process

Board CEO Relationship

District superintendent and two board members during board meetingThese policies describe the delegation of authority by the Board to its CEO and clarify the relationship between the two. Organizational performance is considered identical to CEO performance.

Executive Limitations

Superintendent reads to a group of elementary school studentsThese policies state the limitations imposed by the Board on the strategies and methods the superintendent and his or her staff may use, as they work to achieve the specified outcomes identified in the Ends Policies. The executive limitations establish the boundaries and operating expectations for staff.

End Results

Juanita High School graduates after their graduation ceremonyThese policies define the end results desired for our students and what they are expected to know and be able to do as a result of their educational experience. Ends Results policies are based on the Lake Washington School District Mission, Vision, Student Profile and Guiding Principles.