Fiscal Policies. The Charter School shall adopt and meet generally accepted accounting principles and shall adopt policies to ensure the Charter School’s funds are used to most effectively support the Charter School’s mission and to ensure that funds are budgeted, accounted for, expended, and maintained in an appropriate fashion. Such policies will include, but not be limited to the following:
Fiscal Policies. The Charter School shall adopt and meet generally accepted accounting principles and shall adopt policies to ensure the Charter School's funds are used to most effectively support the School's mission and to ensure that funds are budgeted, accounted for, expended, and maintained in an appropriate fashion. Such policies will include, but not be limited to, principles that ensure that: (1) expenditures are authorized by an accord with amounts specified in the Board- adopted budget; (2) the School's funds are managed and held in a manner that provide a high degree of protection of the School's assets; and (3) all transactions are recorded and documented in an appropriate manner that allow reporting to the State as required by the District, the County Office of Education or Department of Education.
Fiscal Policies. SECTION shall establish and practice sound fiscal policies and shall at all times maintain self-sufficiency.
Fiscal Policies. The Government of Egypt aimed at keeping the budget deficit below 9.5% of GDP in 1991/ 92, and 6.5 of GDP for the year 1992/93, and 3.5% by the year 1995/96. According to government figures, the first two were achieved, whereas the last rested at a rate of 4.2% of GDP. Regarding revenue, steps were taken to increase governmental revenue. This was done through restating Customs Duty rates, introducing a general sales tax, and the increase in energy prices. In addition, excise taxes on cigarettes increased, as well as stamp taxes. Regarding expenditure, the government aimed at restraining the Wage Bill, so that it is not more than 16% above that of 1990/1991, reducing Public Investment to 11%, reducing subsidies by one Billion.
