POLICY MANUAL

Budget: Transfer of Funds - Policy P4-10

Transfer from one line item to another within a given major classification or category of the budget shall be made only with the approval of the superintendent, and the authority to give such approval shall not be delegated by the superintendent.

Transfers from one major classification or category to another within the budget shall require the approval of the school board.

Legal Reference:

Code of Va., § 22.1 -89. Management of funds.--"Each school board shall manage and control the funds made available to the school board for public schools and may incur costs and expenses. If funds are appropriated to the school board by major classification as provided in § 22.1-94, no funds shall be expended by the school board except in accordance with such classifications without the consent of the governing body appropriating the funds." (1980)

Adopted by School Board: June 5, 1973
Revised by School Board: January 6, 1981

Download P4-10 pdf