Utah Code 53G-7-302. School district and charter school budgets
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(1) As used in this section:
Terms Used In Utah Code 53G-7-302
- Administrator: includes "executor" when the subject matter justifies the use. See Utah Code 68-3-12.5
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(1)(a) “Budget officer” means:
(1)(a)(i) for a school district, the school district’s superintendent; or
(1)(a)(ii) for a charter school, an individual selected by the charter school governing board.
(1)(b) “LEA governing board” means:
(1)(b)(i) for a school district, the local school board; or
(1)(b)(ii) for a charter school, the charter school governing board.
(2) Before June 1 of each year, the budget officer shall prepare a tentative budget, with supporting documentation, to be submitted to the budget officer’s LEA governing board.
(3) The tentative budget and supporting documents shall include the following items:
(3)(a) the revenues and expenditures of the preceding fiscal year;
(3)(b) the estimated revenues and expenditures of the current fiscal year;
(3)(c) for a school district, an estimate of the revenues for the succeeding fiscal year based upon the lowest tax levy that will raise the required revenue, using the current year’s taxable value as the basis for this calculation;
(3)(d) a detailed estimate of the essential expenditures for all purposes for the next succeeding fiscal year; and
(3)(e) the estimated financial condition of the school district or charter school by funds at the close of the current fiscal year.
(4) The tentative budget shall be filed with the district business administrator or charter school executive director for public inspection at least 15 days before the date of the tentative budget’s proposed adoption by the LEA governing board.