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Policy DBJ
Budget Transfers
School Board Approved: November 21, 2016
The Board’s intent is to limit spending to the amount appropriated in each line item of the budget. When necessary to spend more in a line than is budgeted, the Superintendent is authorized to transfer funds to accommodate a line item funding shortfall. Board approval is required for transfers over $3,000.
Funds may not be transferred from the Unemployment Compensation line item. Any amount appropriated at an annual meeting under a special warrant article may be used only for the purpose specified in that article and shall not be transferred.
Legal References:
RSA 32:10, Transfer of Appropriations
RSA 282-A: 71, III, Unemployment Compensation
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