Each school district shall submit an approved Annual Financial Report and Budget in electronic format to the Department of Education by September 1, 2004.
Arkansas Code Annotated §6-20-2202 states, “The board of directors of each school district, local education agency, and education service cooperative shall annually prepare a budget of expenditures and receipts that shall be filed with the Department of Education by September 1 of each year pursuant to the provisions of this subchapter. Each budget shall be approved by the board of directors of each school district, local education agency, and education service cooperative at a legally held meeting and shall be signed by the president of the board and the ex officio financial secretary of each school district, local education agency, and education service cooperative. The budget shall contain the information and be prepared in an electronic format prescribed by rules of the State Board of Education governing financial accounting for Arkansas school districts, local education agencies, and education service cooperatives.”
The required form approving the budget is attached to this Director’s Memo or available at http://www.k12.ar.us/apscndocs/sis.htm.
Please contact Yvonne Williams with any questions at 501/682-4485.