The business office shall prepare a monthly budget status report for the General Fund, Capital Projects Fund, Debt Service Fund, Associated Student Body Fund, and Transportation Vehicle Fund.

The business office shall reconcile beginning and ending fund balances, warrants issued and redeemed, wire transfers and cash receipts reported by the county with the district records for all funds.

The superintendent shall provide each director with a brief written explanation of any significant deviation in revenue and/or expenditure projections that may affect the financial status of the district.

Annual Financial and Statistical Report
At the close of each fiscal year, the superintendent shall submit to the board an annual financial report. The report shall include a summary of financial operations for the year and a report of assets, liabilities, and fund balance as of the last day of the fiscal year.

Legal Reference:
Monthly financial statements and reports prepared by school district administrator - WAC 392-123-110
Monthly budget status reports - WAC 392-123-115
Statement of financial condition-Financial position of the school district - WAC 392-123-120
Reconciliation of monthly county treasurers' statements to district records - WAC 392-123-132

Highline School District 401
Adopted by the Board: August 1986
Revised by the Board: 04.03