BUSINESS SECTION Policy: 4.

INTRODUCTION

The School Board holds a position of public trust in its stewardship of

public funds. The Superintendent of Schools, with the assistance of the
Clerk of the Board, is responsible for developing the procedures and
practices necessary to carry out policies enacted by the Board, in
compliance with legislative provisions, regulations of the State Board of
Education, and sound business procedures.

The School Board recognizes that competent business management is

essential to support the whole school program. To make that support
effective, the Board shall:

A. Encourage advance planning through efficient budget procedures.

B. Explore all practical sources of financial support.

C. Guide the expenditure of funds in order to extract the greatest

educational return from each dollar spent.

D. Require adequate accounting and reporting procedures.

E. Maintain the level of unit expenditures needed to provide quality

education within the financial resources of the community.

F. Comply with all legal requirements.

Legal Reference: Code of Virginia, 1950, as amended, Sec. 22.1-92(A)

Adopted: 9/17/74 Revised: 2/23/00

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Falls Church City Public Schools
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