The Montgomery County School Board annual budget is the financial outline of the Montgomery County Public Schools’ education and support programs. It presents a proposed plan of expenditures and the expected means of financing those expenditures. After adoption, it provides the primary means of managing expenditures.
The fiscal year is defined as beginning on the first day of July and ending on the thirtieth day of the following June.
The division superintendent is responsible for seeing that the annual school budget is prepared and presented to the School Board for adoption.
The division superintendent or his/her designee shall prepare a budget calendar identifying all deadlines for the annual budget making process. The calendar shall include a work session for reviewing the budget and at least one public hearing on the budget. Notice of the time and place for the public hearing must be published, at least ten days in advance, in a newspaper having general circulation within the school division.
LEGAL
REFERENCE: Code
of Virginia, 1950, as amended, §§ 15.2-2500 through 15.2-2513, 22.1-90
through 22.1-95, 22.1-97 through 22.1-98; Virginia Board of Education
Regulations Governing Classification of Expenditures, 8 VAC 20-210-10, et
seq., and Governing Reduction of State Aid When Length of School Term Below
One Hundred Eighty School Days, 8 VAC 20-520-10, et seq.
Adopted: April 2004