4212 – Budget Hearings And Reviews


The Grand Island Public Schools is required by statute to prepare in writing and file with its secretary each year not later than the first day of August a proposed budget statement containing the following information:

1.   For the immediate prior fiscal year, revenue from all sources, other than revenue received from taxation, allocated to each source, and for each fund the unencumbered cash balance thereof at the beginning and end of the year, the amount received by taxation allocated to each fund, and the amount of actual expenditure for each fund.

2.   For the current fiscal year, actual and estimated revenue from all sources other than revenue received from taxation, and separately stated as to each source, allocated to each of several funds, and for each fund the actual unencumbered cash balance available at the beginning of the year, the amount to be received from taxation allocated to each fund, and the amount of actual and estimated cash expenditures, whichever is applicable.

3.   For the immediate ensuing year, an estimate of revenue from all sources, other than revenue to be received from taxation, and separately stated as to each source, to be allocated to each of the several funds, and to each fund the actual or estimated unencumbered tax balances, whichever is applicable, to be available at the beginning of the year, amounts proposed to be expended during the year plus the amount of cash reserve, based on actual experience of prior years, which cash reserve shall not exceed 50% of the total budget adopted exclusive of capital outlay items.

The Board of Education after filing the proposed budget statement with its secretary must each year conduct a public hearing on the proposed budget.  A notice of the place and time of such hearing together with a summary of a proposed budget statement will be published at least five days prior to the date of the hearing in the local newspaper.

After such a hearing the proposed budget statement shall be adopted or amended and adopted as amended and a written record shall be kept of such hearing.  The amount to be received from taxation shall then be certified to the levying board as described in the policy entitled, 4211-Budget Adoption Procedures. If the adopted budget statement reflects a change from that shown in the published and proposed public statement, the summary of such changes shall be published within twenty days after adoption in the manner provided in this section, but without provisions for hearing setting forth the items changed and the reasons for such changes.

Procedures are provided in law for emergency changes in budget allocations.  The Board of Education shall in all cases abide by these statutes which require a public hearing and appropriate certification of all such changes. 

Legal Reference:           13-504 through 13-522

Cross Reference:          4211-BUDGET ADOPTION PROCEDURES

Policy Adopted 10/4/76

Policy Updated 2/10/92

Policy Revised: 07.13.2015