APPROPRIATION MODIFICATION AUTHORITY
Modification of funds between line item appropriations within each major
fund and any transfers permitted by law from major fund to major fund will
require Governing Board approval.
Transfers Among Categories
During the final quarter of the fiscal year, appropriation categories will
be examined, and the year-end status of each will be estimated. Before the
close of the fiscal year, the Governing Board may authorize the Treasurer to
transfer moneys from those categories in which a surplus is anticipated into
those in which a deficit is anticipated as permitted by State or Federal
statute.
Transfers among funds as permitted by State or Federal statutes will require
Governing Board action and may require approval from the Court of Common
Pleas and the Tax Commissioner.
It will be the responsibility of the Superintendent and the Treasurer to
examine the appropriation categories and make the necessary recommendations
to the Governing Board.
[Adoption date: June 21, 2001]
LEGAL REFS: ORC 5705.14; 5705.15; 5705.16; 5705.40
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