Policy 803.1 - Purchasing Policy

PURCHASING POLICY

The official budget document for each fund shall be considered as the authority for all expenditures which are made during the fiscal year. The principal concern of the Board of Directors shall be that the overall expenditure for any fiscal period shall not exceed the budgeted amount for any one fund. Categorical breakdowns within funds shall be used primarily for budget control for the current fiscal year and for future budget planning.

The administrator in charge of the account from which a purchase is made shall approve the purchases made in the name of the school district as limited by the approved budget.

All purchases are to be made in accordance with the district’s financial procedures.

Adopted: 7/21/86
Modified: 9/11/95
Reviewed: 8/21/95; 1/18/99; 12/06/10; 11/07/16

Legal Reference: IA Code 18.6(9); 23; 23A; 27.12; 28E.20; 72.3; 73; 285.10(3); .10(7); 301 (1993).
261 I.A.C. 54.
281 I.A.C. 43.25
481 I.A.C. 25
1974 Op. Atty. Gen. 171.

Cross Reference:

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