TAX BUDGET PREPARATION

The District's operation and educational plan is reflected in its budgets.  Each year, the Board of Education will cause to have prepared and then review the General Fund as well as the other funds which comprise the tax budget.

The Treasurer may include in the budget a Budget Reserve Fund.  The amount of the reserve shall be stipulated by Board resolution.

The Board directs the Treasurer to present the tax budget to the Board prior to January 15th of each year.  When presented to the Board for review and/or adoption, the tax budget shall indicate the information required by the State Auditor's Office.

With an affirmative vote of the majority of the County Budget Commission, including the County Auditor, the requirement that the Board of Education adopt a tax-budget may be waived.  Therefore, the Board directs the Treasurer to prepare the tax budget in compliance with the requirements of the Licking County Auditor, the Ohio Revised Code, and the State Auditor’s Office.

R.C. 5705.13, 5705.28(A)(1), 5705.281, 5705.29, 5705.30

© Neola 2002

Adopted (DATE)