BUDGET TRANSFER AUTHORITY
In keeping with the need for the periodic reconciliation of the school department’s budget, the school committee will consider requests for transfers of appropriations of over $10,000.00as the superintendent recommends them.
The school business administrator is authorized to approve transfers of appropriations under $1,000.00. The superintendent is authorized to approve transfers of appropriations between $1,000.00 and 10,000.00.
The school committee shallbe kept informed of these adjustments.
All funds in the general account not expended by the close of the fiscal year will be carried over to the next fiscal year.
Legal Ref: MGL 71, Section 37
[Adoption Date: 10/26/98]
[Revised: October 2002]