4211 – Budget Adoption Procedures


Nebraska Budget Form SD will be submitted to the County Board of Supervisors which will include all revenues raised during the previous fiscal year, and a budget for the ensuing fiscal year in the form of a resolution to include:

1.   The amount of funds required for the support of the school for the next fiscal year.

2.   The amount of funds required for the purchase of school sites.

3.   The amount of funds required for the erection of school buildings.

4.   The amount of funds required for the payment of interest and principle for all bonds issued.

5.   The amount of funds required for the creation of a sinking fund for the payment of such indebtedness.

6.   The amount of funds required for removal of asbestos.

Within ten (10) days after the filing of this budget with the County Board of Supervisors, the secretary of the Board of Education will publish a copy of the budget as a legal notice in the Grand Island Independent.

It is the duty of the County Board of Supervisors to levy and collect the taxes that are necessary to provide the amount of revenue from property taxes as indicated by all the information contained in the budget.

 

Legal Reference:           Neb. Statute 13-506

                                    Neb. Statute 79-1084

 

Policy Adopted 10/4/76

Policy Updated 2/10/92

Policy Revised 10-5-98

Policy Revised: 07.13.2015