Agenda - 06-15-1999 - III - Laserfiche WebLink

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Enclosure 2 Contingency Appropriations By School Boards Budgetary guidelines for school systems are set forth in Chapter 115C, Article 31 beginning at G.S. 115C -422. This Article is titled "The School Budget and Fiscal Control Act", (SBFCA) and is very similar to the guidelines for local governments contained in G.S. 159 known as the "Local Government Budget and Fiscal Control Act ". G.S. 115C-432 of the SBFCA discusses in detail the'guidelines for contingency appropriations by school board I s. Attached is a copy of those statutory guidelines. The statutes state that contingency appropriations in a fund may not exceed 5% of the total of all other appropriations within that fund. The use of contingency ntingency monies must be authorized by resolution adopted by the Board of Education creating a budget amendment establishing an expenditure *-appropriation. This means that expenditures can not be made directly from a contingency account. The Board of Education can authorize the Superintendent to authorize expenditures from the contingency appropriation based Upon the Board's limitations and procedures. The statues require that any such expenditure be reported to the Board at its next Board meeting and recorded in the minutes. 5 Year History/ of Contingency Appropriations for OCS and,.CHCCS OCS According to Sandra Tinsley, OCS Finance Director, $20,000 has been budgeted in contingency for the past five years with no appropriations made in any given year. CHCCS Kim McVey Interim Finance Director provided the following information: Due to time constraints Ms. McVey was unable to provide the purposes for which contingency was used. This information will be available prior to the June 15 work session. Amount Bud aeted Amount Used 1994-95 $150,000 $102,156 1995-96 $150,000 $ 30,499 1996-97 $250,000 $149,311 1997-98 $250,000 $140,095 1998-99 $250,000 -0- Due to time constraints Ms. McVey was unable to provide the purposes for which contingency was used. This information will be available prior to the June 15 work session.