The school budget is the legal basis for the establishment of funding. It is
the legal document which describes the programs conducted during a given period
of time. It is the operational plan, stated in financial terms, for the conduct
of all programs in the school system. The annual school budget process is an
important function of school system operations and should serve as a means to
improve communications within the school organization and with the residents
of the school community.
Public school budgeting for Shelby County Schools is regulated and controlled
by legislation, State Board of Education regulations, Shelby County Commission,
and local school Board requirements.
Fund Accounts. A budget is required for every fund that a school system
utilizes in its yearly operation.
Annual Budgeting. Tennessee school systems are required
to budget only for a twelve (12) month period of time which includes a fiscal
year from July 1 through June 30.
Budget Officer. The superintendent and chairman of the
Board of Education will prepare the annual budget each fiscal year.1 The
superintendent is designated as the budget officer to oversee the daily administration
of the system's budget.