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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 210. State Department of Education |
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Chapter 35. Standards for Accreditation of Elementary, Middle Level, Secondary, and Career and Technology Schools |
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Subchapter 3. Standards for Elementary, Middle Level, Secondary, and Career and Technology Schools |
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Part 17. STANDARD IX: FINANCIAL SUPPORT |
SECTION 210:35-3-166. Estimated needs and probable income; district budget plan; financial management and accounting; audits
Latest version.
- (a) The identified resources shall be translated into an annual approved district budget plan. The principal shall be responsible for planning and administering the school site budget as approved by the local board of education. The principal shall involve the staff in the preliminary development of the budget, in establishing expenditure allocations, and setting priorities within the budget.(b) The schools shall continuously evaluate the achievement of goals, review expenditure of funds relative to achieving goals, and redirect funds, if necessary, to focus upon changing and emerging needs. The administrator shall refer those items which were not included in the annual budget to the budget file for beginning studies on the next annual budget.(c) In reviewing the school's proposed budget plan, the local board shall take into account the school's statement of philosophy and goals and the needs of the students and community served. The annual school budget shall be reported to the various school publics. The administrator shall refer those items which were not included in the annual budget to the budget file for beginning studies on the next annual budget.(d) The school shall adhere to the financial management and accounting procedures listed in the SCHOOL FINANCE TECHNICAL ASSISTANCE DOCUMENT, 1997.(e) Accreditation shall not be maintained when it is evident that a school is not providing financial support to meet the needs of the students. Prior to mandatory annexation of a school site or a school district, the school district shall receive a warning from the State Board of Education. A State Department of Education team will be assigned to make an on-site review of the school or district and report the findings with recommendations to the State Board of Education.