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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



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



20-A M.R.S.A. §§ 1055, 6051-6052; 30-A M.R.S.A. § 5821


Cross References

DIC – Budget Oversight and Administration

DA - Multi-Year Budgeting and Fiscal Management Goals

DBC - School Budget Adoption

DI - Fiscal Accounting and Reporting.pdf (10 KB)