DISPOSITION OF UNBUDGETED REVENUE
The Board of Education recognizes that due to special circumstances, the school district may occasionally receive revenue not budgeted.
In the event such revenues are received, the Board will disburse the revenues in accordance with any provisions or requirements accompanying the allocation. The Board, when authorized to establish local policy pertaining to the procedure and schedule for the disbursement of such revenues, shall establish an appropriate policy upon the recommendation of the superintendent.
Recommendations for procedural guidelines specifying a disbursement plan for moneys designated to the teachers’ fund should be determined after receiving the suggestions of the professional staff. However, in accordance with state constitutional provisions, unbudgeted revenue received during the budget year shall not alter compensation of employees within the current contract period.
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|Note: The reader is encouraged to check the index located at the beginning of this section for other pertinent policies and to review administrative procedures and/or forms for related information.|
Legal Refs: Mo. Const., Art. III, §§ 38(a), 39(3)
§ 168.110, RSMo.
Mo. Atty. Gen. Op., No. 211, Belt, May 6, 1970
Raymondville R-VII School District, Raymondville, Missouri
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