Source: http://fertilebeltrami.k12.mn.us/Website/pages/School%20District/Policy%20Handbook/702.htm
Timestamp: 2018-10-21 21:16:24
Document Index: 290320548

Matched Legal Cases: ['§123', '§123', '§123', '§123', '§123', '§123', '§123', '§123', '§123', '§123', '§123']

District 599 Policy 702
The purpose of this policy is to adopt the Uniform Financial Accounting and Reporting Standards for Minnesota School Districts provided for in guidelines adopted by the Minnesota Department of Children, Families and Learning.
III.	MAINTENANCE OF BOOKS AND ACCOUNTS
The school district shall maintain its books and records and do its accounting in compliance with the Uniform Accounting and Reporting Standards for Minnesota School Districts (UFARS) provided for in the guidelines adopted by the Minnesota Department of Children, Families and Learning and in compliance with applicable state laws and rules relating to reporting of revenues and expenditures.
IV.	PERMANENT FUND TRANSFERS
V.	REPORTING
The school board shall provide for an annual audit of the books and records of the school district to assure compliance of its records with UFARS. Each year, the school district shall also provide for the publication of the financial information specified in Minn. Stat. §123B.10 in the manner specified therein
Legal References:	Minn. Stat. §123B.75 (Revenue)
Minn. Stat. §123B.76 (Expenditures)
Minn. Stat. §123B.77 (Accounting, Budgeting and Reporting Requirements)
Minn. Stat. §123B.78 (Cash Flow, Revenues, Borrowing, Deficits)
Minn. Stat. §123B.79 (Permanent Fund Transfers)
Minn. Stat. §123B.80 (Exceptions for Permanent Fund Transfers)
Minn. Stat. §123B.09 (School Board Powers)
Minn. Stat. §123B.14, Subd. 7 (Duties of School Board Clerk)
Minn. Stat. §123B.02 (School District Powers)
Minn. Stat. §123B.10 (Publication of Financial Information)
Cross References:	Policy 703 (Annual Audit)