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    Financial Planning

    Policy type: Operational Expectations
    Policy code: OE-5

    The Superintendent shall develop and present to the Board a multi-year financial plan that is related directly to the Board’s Results priorities and Operational Expectations goals, and that avoids long-term fiscal jeopardy to the district.

    The Superintendent will develop a budget that:

    5.1    Is in a summary format understandable to the Board and community, presented in a manner that allows the Board to understand the relationship between the budget and the Results priorities and any Operational Expectations goals for the year.

    5.2    Clearly describes revenues and expenditures with adequate supporting detail.

    5.3.    Shows the amount spent in each budget category for the most recently completed fiscal year, the amount budgeted for the current fiscal year, and the amount budgeted for the next fiscal year.

    5.4.    Discloses budget-planning assumptions.

    5.5    Assures fiscal soundness in future years that includes provisions for reasonable contingencies.

    5.6    Provides necessary information to the Board on matters with a significant budgetary impact, allowing the Board adequate time to consider the information presented.  

    5.7    Reflects anticipated changes in employee compensation, including inflationary adjustments, step increases, performance increases and benefits.

    5.8    Includes such amounts as the Board determines to be necessary for its own governing function. 

    5.9    Is based on reasonable consultation with appropriate constituent groups.

    The Superintendent may not develop a budget that:

    5.10    Plans for the expenditure in any fiscal year of more funds than are conservatively projected to be available during the year. 

    5.11    Provides for an anticipated year-end fund balance of less than five percent of the projected revenue.

    {formerly EL-10, Budgeting/Financial Planning}
    Adopted:    
    07.07.03

    Revised:    
    09/25/06
    09/27/10
    11/19/12
    08/12/19 /Executive Limitations (EL) Policies changed to Operational Expectations (OE)

    Monitoring Method: Internal Report
    Monitoring Frequency: Annually

    Lake Washington School District Board of Directors

    Governance Culture

    Formal portraits of the Lake Washington School District Board membersThese policies define how the Board will operate internally and govern itself to add value to the district. These policies address the Board’s own culture, how it will conduct business, and how members will conduct themselves and interact with each other.

     

    Board Superintendent Relationship

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

    Operational Expectations

    Results

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