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School Finance Topics
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Budget Hearing and AdoptionThe Budget Hearing and Adoption Workbook contains a series of Excel spreadsheets that may be used to format your District's Budget Adoption and the required budget publishing. There is also a link to the budget requirements and timeline. The 60 (Agency) & 70 (Trust Funds) series funds are "fiduciary" funds. Presentation of these funds has been removed from the adoption and notice formats to agree with GASB 34 requirements. This change also brings the school district adoption format more into conformity with statute 65.90 requirements used for other Wisconsin governments which specify that information be presented for governmental and proprietary funds, but does not require it for fiduciary funds. Note that this change pertains only to "65.90" requirements. Information about the 60 and 70 fund series will continue to be provided to the DPI on the Budget and Annual reports.
Spending Authority Between July 1st and Final Adoption of a Budget Per State Statute 120.13(33) During the period between July 1st and the final adoption of a budget by the school board after the budget hearing under s.65.90, spend money as needed to meet the immediate expenses of operating and maintaining the public instruction in the school district. District Budget Development and Planning http://dpi.wi.gov/sfs/buddev.html
Last updated on 2/25/2008 11:56:31 AM |
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State Superintendent of Public Instruction Elizabeth Burmaster
Department of Public Instruction, 125 S. Webster Street, P.O. Box 7841, Madison, WI 53707-7841 (800) 441-4563 |