Butte School District
Financial Management
7121
Budget Adjustments
When any budgeted fund line item is in excess of the amount required, the Board may transfer any of the excess appropriation to another line item(s) within the same fund.
The Board authorizes the administration to transfer line items within the same budgeted fund to adjust line item overdrafts or to meet special line item needs. Line item budget transfers to adjust line item overdrafts are at the discretion of the administrators.
Total budget expenditures for each fund as adopted in the final budget shall constitute the appropriations of the District for the ensuing fiscal year. The Board shall be limited in the incurring of expenditures to the total of such appropriations.
With timely notice of a public meeting, trustees, by majority vote of those present, may declare by resolution that a budget amendment (in addition to the final budget) is necessary. Budget amendments are authorized by § 20-9-161, MCA, for specified reasons.
The resolution shall state the facts of the budget amendment, the estimated amount of funds needed, and the time and place the Board will meet for the purpose of considering and adopting a budget amendment.
The meeting to adopt a budget amendment shall be open and shall provide opportunity for any taxpayer to appear and be heard. Budget procedures shall be consistent with statutory requirements. When applicable, the District shall apply for state financial aid to supplement that amount to be collected from local taxes.
Legal Reference:
- § 20-9-133
- MCA Adoption and expenditure limitations of final budget
- Definition of budget amendment for budgeting purposes
- § 20-9-161, MCA
- 7000 - Goals
- 7110 - Budget & Program Planning
- 7121 - Budget Adjustments
- 7210 - Revenues
- 7220 - Use of Federal Title I Funds
- 7225- Crowdfunding Proposals (opens in new window)
- 7251 - Disposal of School Property Without a Vote
- 7260 - Endowments, Gifts & Investments
- 7301 - Travel Authorization (opens in new window)
- 7310 - Budget Implementation & Execution
- 7320 - Purchasing
- 7325 - Accounting System Design
- 7326 - Documentation & Approval of Claims
- 7329 - Petty Cash Funds
- 7332 - Advertising in Schools/Revenue Enhancement
- 7335 - Personal Reimbursements
- 7336 - Travel Allowances & Expenses
- 7400 Credit/Procurement Card Use
- 7410 - Fund Accounting System
- 7425 - Extra- and Co-Curricular Funds
- 7430 - Financial Reporting & Audits
- 7500 - Property Records
- 7500F Property Records
- 7500P - Property Records
- 7510 - Capitalization Policy for Fixed Assets
- 7515 - Financial Management
- 7520 - Independent Investment Accounts
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