Annual Budget Preparation. It is the duty of the UICOA Director, in consultation with the UICOA Board, to prepare an annual operating budget and submit it in a timely manner to the Select Boards of the Towns. The budget shall be presented in a format which incorporates the following information:
A. Total Budget - The total of all proposed operating expenditures. DRAFT 5
Annual Budget Preparation edtec will prepare and provide the Board with a pro- posed annual budget that shall conform to the State of Michigan’s accounting manual and the Uniform Budgeting and Accounting Act, MCL 141.421 et seq, and in a form satisfactory to the Board and to DPSCD. The budget shall contain object level detail and comply with public ac- counting standards. The budget shall include anticipated revenues and projected expenses and costs reasonably associated with operating the Academy and the educational program including, but not limited to, the projected cost of all services and educational programs provided to the Academy, rent and lease payments, debt service, maintenance and repairs to Academy facilities, supplies and furnishings necessary to operate the Academy, taxes, insurance premiums, utilities, professional fees, and other costs and expenses connected to the operation of the Academy. The proposed budget shall be submitted to the Board for approval not later than thirty (30) days prior to the date when the approved budget is required to be submitted to DPSCD. edtec may not make deviations from the approved budget between major function areas without the prior approval of the Board.
Annual Budget Preparation. The Board shall by Board resolution appoint the Board Treasurer, or such other officer as determined by the Board, to serve as the chief administrative officer of the School (the “CAO”) under the Uniform Budgeting and Accounting Act, MCL 141.421 et seq. (the “Budgeting and Accounting Act”). Notwithstanding any other provisions of the Agreement to the contrary, the Board resolution may designate Choice’s chief financial officer, or such other Choice employee as is mutually agreed upon by Choice and the Academy, as the designated agent of the CAO to assist the CAO with the performance of the CAO’s duties under the Budgeting and Accounting Act. Choice will provide the Board with a proposed annual budget that shall conform to the Michigan Public School Accounting Manual and the Uniform Budgeting and Accounting Act, MCL 141.421 et seq. and in a form satisfactory to the Board and in compliance with the Contract. The budget shall contain reasonable detail as requested by the Board and as necessary to comply with the public accounting standards applicable to public schools and applicable law. The budget shall include anticipated revenues and projected expenses and costs reasonably associated with operating the Academy and the Educational Program including, but not limited to, the projected cost of all services and educational programs provided to the Academy, rent and lease payments, debt service, maintenance and repairs to Academy facilities, supplies and furnishings necessary to operate the Academy, taxes, insurance premiums, utilities, professional fees, and other costs and expenses connected to the operation of the Academy. The proposed budget shall be submitted to the Board for approval not later than thirty (30) calendar days prior to the date when the approved budget is required to be submitted to the University Board. Choice may not make deviations from the approved budget without the prior written approval of the Board.
Annual Budget Preparation. Agent shall prepare and submit to the Board of Directors a recommended Annual Budget for the next year showing anticipated income and estimated expenses for such year, along with an annualized statement of income and operations projected for the current calendar year, no later than October 15th of each year. In the case of a fiscal year other than a calendar year Agent shall prepare said budget at least sixty (60) days prior to the commencement of the new fiscal year. Upon approval of the annual budget by the Board of Directors, Agent shall arrange and/or print and/or distribute maintenance fee and assessment notices to all Association members to mailing address as provided by the individual member. If no address is provided or address is no longer valid, mailing will be sent to address of the unit/home.
Annual Budget Preparation. Distinctive Schools will provide the Board with a proposed annual budget that shall conform to the State accounting manual and Illinois law and in a form satisfactory to the Board and to _________ (Authorizer). The budget shall contain object level detail and comply with the public accounting standards applicable to public schools and applicable law. The budget shall include anticipated revenues and projected expenses and costs reasonably associated with operating A.I.M. and the Educational Program including, but not limited to, the projected cost of all services and educational programs provided to A.I.M., rent and lease payments, debt service, maintenance and repairs to school facilities, supplies and furnishings necessary to operate A.I.M., taxes, insurance premiums, utilities, professional fees, and other costs and expenses connected to the operation of A.I.M. The proposed budget shall be submitted to the Board for approval no later than 30 days prior to the date when the approved budget is required to be submitted to _________ [Authorizing Body]. Distinctive Schools may not make deviations from the approved budget without the prior written approval of the Board.
Annual Budget Preparation. Distinctive Schools will provide the Board with a proposed annual budget that shall conform to the State accounting manual and as mandated by Section 5/17-1 of the Illinois School Code (105 ILCS 5/17-1) and Part 100 of Section 23 of the Illinois Administrative Code in a form satisfactory to the Board and to CPS. The budget shall contain object level detail and comply with the public accounting standards applicable to public schools and applicable law. The budget shall include anticipated revenues and projected expenses and costs reasonably associated with operating the Charter School and the Educational Program including, but not limited to, the projected cost of all services and educational programs provided to the Charter School, rent and lease payments, debt service, maintenance and repairs to Charter School facilities, supplies and furnishings necessary to operate the Charter School, taxes, insurance premiums, utilities, professional fees, and other costs and expenses connected to the operation of the Charter School. The proposed budget shall be submitted to the Board for approval no later than 30 days prior to the date when the approved budget is required to be submitted to CPS. Distinctive Schools may not make deviations from the approved budget without the prior written approval of the Board.
Annual Budget Preparation. Draft budget figures will be developed by ECSO by the end of December of each year. On or about January 15th, the CEO Board will review and recommend modifications to the proposed budget. On or about February 15th the Intergovernmental Council will review and recommend modifications to the proposed budget. ECSO will make the recommended modifications and issue a preliminary budget in March. The budget will be adopted by the CEO Board no later than its June meeting,
Annual Budget Preparation. EMAN will annually prepare and submit a proposed budget to the Board for the upcoming school year. The budget shall conform to the State of Michigan’s accounting manual and the Uniform Budgeting and Accounting Act, MCL 141.421 et seq. and be prepared and maintained in a form satisfactory to the Board and to the Authorizer. The budget shall contain function level detail and comply with public accounting standards applicable to public schools and public school academies in Michigan and required by applicable law. The budget shall include anticipated revenues and projected expenses and costs reasonably associated with operating the Academy and the Educational Program including, but not limited to, the projected cost of all services and educational programs provided to the Academy, rent and lease payments, debt service, maintenance and repairs to Academy facilities, supplies and furnishings necessary to operate the Academy, taxes, insurance premiums, utilities, professional fees, and other costs and expenses connected to the operation of the Academy. The proposed budget shall be submitted to the Board no later than the regular Board meeting in MAY of each year, and approved by the Board no later than June 30. The Board has the ultimate authority to approve, reject or amend the proposed budget submitted by XXXX, as well as the budget adopted by the Board. EMAN may not make deviations from the approved budget without the prior approval of the Board.
Annual Budget Preparation. On an annual basis the Board shall propose a budget for the upcoming fiscal year. The proposed budget shall contain all operating expenditures, capital expenditures, debt service payments, and deposits to capital reserve, to be paid from general fund revenues of the Collaborative. All funds received for the operation of the Collaborative shall be considered general fund revenues with the exception of grants, contracts, or gifts. The annual budget is prepared as early as possible in the previous fiscal year to allow Member Districts to build their own budget, knowledgeable of the Collaborative tuitions. The process is as follows:
1. By April 30 of each year, the Board shall adopt a budget for the upcoming fiscal year. The Board shall identify the programs or services to be offered by the Collaborative in the upcoming fiscal year and the corresponding costs.
2. The proposed budget shall contain all planned financial activity for the upcoming fiscal year.
3. The proposed budget shall be classified into such line items as the Board shall determine, but shall at a minimum delineate amounts for operating expenditures, and capital expenditures, including debt service payments and deposits to capital reserve.
4. As applicable, capital expenses shall be included in the budget and paid through tuition or fees for programs which they benefit. Capital expenses are defined as the acquisition or improvement of fixed assets, including real property, with a unit cost of $5,000 and a useful life of one year or more, debt payments and deposits into capital reserve in accordance with 603 CMR 50.02.
5. The proposed budget process used to determine tuition prices for Member District and Non-Member District students, as well as the methodology to determine fees for services and clinic slots is based on the cost of providing Collaborative programs as described below.
a. The Executive Director annually determines the projected expenses necessary for each Collaborative program during the next fiscal year, based on an estimate of projected student enrollment in programs and projected Agreements for services.
b. The Executive Director identifies the next fiscal year’s projected revenue from each funding source. These include a summary of projected receipts from tuitions and fees, grant funds and funds other than general fund revenues (i.e. donations, interest and investment income) based on the current fiscal year.
c. The Executive Director determines the total increase or decrease ...
Annual Budget Preparation. Promise Schools will provide the Academy Board with a proposed annual budget in accordance with the provisions of Exhibit A.
