# MSAD 35 BYLAWS: ARTICLE VII - Budget

**ARTICLE VII - Budget**

**Sec. 1 - The Fiscal Year**

The Fiscal Year is July 1 through June 30 of the following year.

**Sec. 2 - Budget Deadlines and Schedules: <span class="Apple-converted-space"> </span>**

<span class="Apple-converted-space">A. </span>The Board of Directors shall review the budget document in public work sessions.

B. After review and tentative approval, the Superintendent shall submit a budget document in legally prescribed form to the Board a week prior to the scheduled budget adoption, for final approval.<span class="Apple-converted-space"> </span>

C. The complete budget document will be available for public scrutiny in the Superintendent’s Office and online on the district website: [<span class="s1"><span style="text-decoration: underline;">www.rsu35.org</span></span>](http://www.rsu35.org) at least 7 days prior to any hearings held on the budget.<span class="Apple-converted-space"> </span>

D. Each school shall have a complete revised budget available for that school,<span class="Apple-converted-space"> </span>indicating changes made from the document originally sent to the Superintendent.<span class="Apple-converted-space"> </span>

**Sec. 3 - Budget Adoption: <span class="Apple-converted-space"> </span>**

A. District budget meetings are conducted by referendum with each member municipality.<span class="Apple-converted-space"> </span>In accordance with MRSA T20-A §1305-1308 except in extreme mitigating circumstances, district budget meetings are held. MRSA T20-A §1305-1308.

B. The conduct of the budget meetings is to be run according to MRSA T20-A §1305-1308.

C. The Maine Moderator’s Guide shall be used in the conduct of District Budget Meetings.

**Sec. 4 - Audit:**

A. Each Board member shall receive a copy of the audited financial statements and a copy shall be on file in the Office of the Superintendent.<span class="Apple-converted-space"> </span>MRSA T20-A §6051.

Article VII Revised: August 27, 2014