DI FISCAL ACCOUNTING AND REPORTING
D - FISCAL MANAGEMENT
The Board Treasurer shall be ultimately responsible for receiving and properly accounting for all funds of the district. The Superintendent shall oversee the financial affairs of the district and the preparation of all reports and statements required by the state examiner's office and the State Department of Education.
The accounting system used shall conform with requirements of General Acceptable Accounting Principles (GAAP), the State Department of Education, and with good accounting practices providing for the appropriate separation of accounts, funds, and special monies.
All funds received or disbursed by any agency of the school system, including any and all district transactions, shall be accounted for carefully and accurately; shall conform with good accounting practices providing for the appropriate separation of accounts, funds, and special monies; and shall be done in a manner that is easily reviewed and lends itself to auditing.
Note: Fiscal accounting and reporting must meet requirements established by the State Board of Education as set forth in the Wyoming School Budgeting, Accounting, and Reporting Manual (I). This manual is on file in the Business Office.
Policy References:
DI, DICPolicy Cross References:
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