DBG

NEPN/NSBA Code:  DBG

BUDGET ADOPTION PROCESS

Adoption of the annual budget is to be accomplished prior to June 30 for the fiscal year beginning July 1.  The Superintendent shall be responsible for developing a complete calendar of budget process deadlines.

The budget shall include, in addition to operating expenses and expected income for the ensuing year, the sums required for meeting bonds falling due, interest on the bonds and on other obligations, rentals and other fixed charges.  These proposals shall be thoroughly explained and voters shall be given an opportunity to be heard. Only those amounts pertaining to operating expenses, reserve or contingency funds, or capital outlay expenditures shall be subject to change by the voters.

Legal Reference:  20-A MRSA §§ 1304 et seq., 15617 et seq.

Adopted: March 12, 1987

Revised: October 19, 2000

Revised: June 20, 2013