(A) The fiscal year begins the first day of July of each calendar year and ends the thirtieth day of June of the following year.
(B) The annual operating budget will be prepared by the chief fiscal and administrative officer and president and will be submitted to the board of trustees for approval before June thirtieth of the preceding year.
(C) The chief fiscal and administrative officer and president jointly shall have the authority to allocate funds for expenses not included in the approved operational budget but are required to bring those budget changes to the next board meeting for approval. At least once during the year the board of trustees shall consider an amendment of the annual operating budget.
Promulgated Under: 111.15
Statutory Authority: 3358
Rule Amplifies: 3358