§ 115C-422 – Short title.
115C-422. Short title. This Article may be cited as "The School Budget and Fiscal Control Act." (1975, c. 437, s. 1; 1981, c. 423, s. 1.)
§ 115C-423 – Definitions.
115C-423. Definitions. The words and phrases defined in this section have the meanings indicated when used in this Article, unless the context clearly requires another meaning: (1) "Budget" is a plan proposed by a board of education for raising and spending money for specified school programs, functions, activities, or objectives during a fiscal year. (2) […]
§ 115C-424 – Uniform system; conflicting laws and local acts superseded.
115C-424. Uniform system; conflicting laws and local acts superseded. It is the intent of the General Assembly by enactment of this Article to prescribe for the public schools a uniform system of budgeting and fiscal control. To this end, all provisions of general laws and local acts in effect as of July 1, 1976, and […]
§ 115C-425 – Annual balanced budget resolution.
115C-425. Annual balanced budget resolution. (a) Each local school administrative unit shall operate under an annual balanced budget resolution adopted and administered in accordance with this Article. A budget resolution is balanced when the sum of estimated net revenues and appropriated fund balances is equal to appropriations. Appropriated fund balance in any fund shall not […]
§ 115C-426 – Uniform budget format.
115C-426. Uniform budget format. (a) The State Board of Education, in cooperation with the Local Government Commission, shall cause to be prepared and promulgated a standard budget format for use by local school administrative units throughout the State. (b) The uniform budget format shall be organized so as to facilitate accomplishment of the following objectives: […]
§ 115C-426.1 – Vending facilities.
115C-426.1. Vending facilities. Moneys received by a local school administrative unit on account of operation of vending facilities shall be deposited, budgeted, appropriated, and expended in accordance with the provisions of this Article. (1983 (Reg. Sess., 1984), c. 1034, s. 168.)
§ 115C-426.2 – Joint planning.
115C-426.2. Joint planning. In order to promote greater mutual understanding of immediate and long-term budgetary issues and constraints affecting public schools and county governments, local boards of education and boards of county commissioners are strongly encouraged to conduct periodic joint meetings during each fiscal year. In particular, the boards are encouraged to assess the school […]
§ 115C-427 – Preparation and submission of budget and budget message.
115C-427. Preparation and submission of budget and budget message. (a) Before the close of each fiscal year, the superintendent shall prepare a budget for the ensuing year for consideration by the board of education. The budget shall comply in all respects with the limitations imposed by G.S. 115C-432. (b) The budget, together with a budget […]
§ 115C-428 – Filing and publication of the budget; budget hearing.
115C-428. Filing and publication of the budget; budget hearing. (a) On the same day that he submits the budget to the board of education, the superintendent shall file a copy of it in his office where it shall remain available for public inspection until the budget resolution is adopted. He may also publish a statement […]
§ 115C-429 – Approval of budget; submission to county commissioners; commissioners' action on budget[Effective until June 30, 2023]
115C-429. Approval of budget; submission to county commissioners; commissioners’ action on budget. [Effective until June 30, 2023] (a) Upon receiving the budget from the superintendent and following the public hearing authorized by G.S. 115C-428(b), if one is held, the board of education shall consider the budget, make such changes therein as it deems advisable, and […]
§ 115C-430 – Apportionment of county appropriations among local school administrative units.
115C-430. Apportionment of county appropriations among local school administrative units. If there is more than one local school administrative unit in a county, all appropriations by the county to the local current expense funds of the units, except appropriations funded by supplemental taxes levied less than countywide pursuant to a local act of G.S. 115C-501 […]
§ 115C-431 – Procedure for resolution of dispute between board of education and board of county commissioners.
115C-431. Procedure for resolution of dispute between board of education and board of county commissioners. (a) If the board of education determines that the amount of money appropriated to the local current expense fund, or the capital outlay fund, or both, by the board of county commissioners is not sufficient to support a system of […]
§ 115C-432 – The budget resolution; adoption; limitations; tax levy; filing.
115C-432. The budget resolution; adoption; limitations; tax levy; filing. (a) After the board of county commissioners has made its appropriations to the local school administrative unit, or after the appeal procedure set out in G.S. 115C-431 for the capital outlay fund has been concluded, the board of education shall adopt a budget resolution making appropriations […]
§ 115C-433 – Amendments to the budget resolution; budget transfers.
115C-433. Amendments to the budget resolution; budget transfers. (a) Subject to the provisions of subsection (b) of this section, the board of education may amend the budget resolution at any time after its adoption, in any manner, so long as the resolution as amended continues to satisfy the requirements of G.S. 115C-425 and 115C-432. (b) […]
§ 115C-434 – Interim budget.
115C-434. Interim budget. In case the adoption of the budget resolution is delayed until after July 1, the board of education shall make interim appropriations for the purpose of paying salaries and the usual ordinary expenses of the local school administrative unit for the interval between the beginning of the fiscal year and the adoption […]
§ 115C-435 – School finance officer.
115C-435. School finance officer. Each local school administrative unit shall have a school finance officer who shall be appointed or designated by the superintendent of schools and approved by the board of education, with the school finance officer serving at the pleasure of the superintendent. The duties of school finance officer may be conferred on […]
§ 115C-436 – Duties of school finance officer.
115C-436. Duties of school finance officer. (a) The school finance officer shall be responsible to the superintendent for: (1) Keeping the accounts of the local school administrative unit in accordance with generally accepted principles of governmental accounting, the rules and regulations of the State Board of Education, and the rules and regulations of the Local […]
§ 115C-437 – Allocation of revenues to the local school administrative unit by the county.
115C-437. Allocation of revenues to the local school administrative unit by the county. Revenues accruing to the local school administrative unit by virtue of Article IX, Sec. 7, of the Constitution and taxes levied by or on behalf of the local school administrative unit pursuant to a local act or G.S. 115C-501 to 115C-511 shall […]
§ 115C-438 – Provision for disbursement of State money.
115C-438. Provision for disbursement of State money. (a) The deposit of money in the State treasury to the credit of local school administrative units shall be made in monthly installments, and additionally as necessary, at such time and in such a manner as may be most convenient for the operation of the public school system. […]
§ 115C-439 – Facsimile signatures.
115C-439. Facsimile signatures. The board of education may provide by appropriate resolution for the use of facsimile signature machines, signature stamps, or similar devices in signing checks and drafts and in signing the preaudit certificate on contracts or purchase orders. The board shall charge the finance officer or some other bonded officer or employee with […]