DI - Fiscal Accounting and Reporting
Book: D
Section: Fiscal Management
Title: Fiscal Accounting and Reporting
Code: DI
Status: Active
Adopted: February 6, 1984
Last Revised: November 9, 2011
FISCAL ACCOUNTING AND REPORTING
The Superintendent is responsible for the financial management of the schools, including the delegation of fiscal management responsibility to and the supervision of the Chief Financial Officer. The Superintendent and Chief Financial Officer are responsible for maintaining the Portland Public Schools’ business and financial documents, books, records and accounts in accordance with generally accepted accounting principles, the requirements of state law and any applicable federal law. The Chief Financial Officer shall oversee the preparation of all required financial reports. He/she shall submit data and reports on financial matters requested by the Superintendent and School Board, and as required by the Maine Department of Education and U.S. Department of Education. The Superintendent and the Chief Financial Officer shall cooperate in all audits of the Portland Public Schools’ finances.
Legal Reference: 20-A M.R.S.A. §§ 1055, 6051-6052; 30-A M.R.S.A. § 5821
Cross Reference: DA – Multi-Year Budgeting and Fiscal Management Goals
DBC – School Budget Adoption
DIC – Budget Oversight and Administration
Adopted: February 6, 1984
Revised: August 26, 1992, August 18, 1993, November 9, 2011
Legal
20-A M.R.S.A. §§ 1055, 6051-6052; 30-A M.R.S.A. § 5821
Cross References
DIC – Budget Oversight and Administration