Policy 3113 – Fiscal Impact Statement
The ÁùºÏ²Ê½á¹û½ñÆÚ annually prepares and approves annual operating, capital improvement, special projects and grant budgets. Once approved by the School Board, these budgets are regularly monitored to ensure the appropriate and timely expenditure of ÁùºÏ²Ê½á¹û½ñÆÚ funds. During this budget preparation and approval period, the Board evaluates the various budget assumptions, alternative funding recommendations, and current programs to allocate the available financial, human and physical resources to effectively implement the policies and programmatic objectives of the ÁùºÏ²Ê½á¹û½ñÆÚ. After the budget is approved, the Board periodically, on an as needed basis, considers various resolutions and programmatic recommendations related to the current budget year and future annual budgets.
To ensure that each of these recommendations is evaluated in a consistent manner, and in terms of its specific budgeting impact on the current and future ÁùºÏ²Ê½á¹û½ñÆÚ budgets, it is recommended that all such actions include a fiscal note prepared by administration. Said fiscal note will delineate, in detail, the fiscal impact of the recommended action and the recommended source or sources, currently and prospectively. The fiscal note should include the cost of staffing, facilities, administration, etc. No recommendations shall be presented to the Board without the fiscal note.
LEGAL REF.:
- Wisconsin Statutes
- Section 65.90Â [School district budgets]
CROSS REF.:
- 3110 Annual Operating Budget
- 3111 School Board Budget
- 3112 Budget Administration
- 3121 Financial Accounting
ADMINISTRATIVE REGULATIONS: None
AFFIRMED: March 13, 2001
REVISED: October 28, 2003