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SCHOOL DISTRICT
POLICIES
SECTION D: FISCAL
MANAGEMENT
For Office Use Only: D_INDEX.CHL (5/04)
DB Annual Budget
DBB Fiscal Year
DC Taxing and Borrowing Authority/Limitations
DCA Tax Rate Hearings and Reviews
DCB Political Campaigns
DD Grants
DD-AP Grants - State and Federal Programs Administration
DEA Revenues from Tax Sources
DED Disposition of Unbudgeted Revenue
DFA Revenues from Investments/Use of Surplus Funds
DG Depository of Funds
DGA Authorized Signatures
DH Bonded Employees and Officers
DI Fiscal Accounting and Reporting/Accounting System
DIE Audits
DJC Bidding Requirements
DJD Local/Domestic Purchasing
DJE Cooperative Purchasing
DJF Purchasing
DK Payment Procedures
DLB Salary Deductions
DLC Expense Reimbursements
DM Cash in School Buildings
DN Surplus School Property
FILE: DB
Critical
ANNUAL BUDGET
One of the primary responsibilities of the Board of Education is to secure adequate funds to
conduct a quality program of education in the school district. The annual
school budget represents
a written document presenting the Board's plan for allocation of the available financial resources
into an explicit expenditure plan to sustain and improve the educational function of the school
district. It is a legal document describing the programs to be conducted during the fiscal year and
is the basis for the establishment of tax rates for the district.
The planning and preparation of the budget is a continuing process. It must involve a number of
people who have knowledge of the educational needs of the community and who can provide
accurate data in regard to the financial potential of the district. Members of the Board, citizens,
students and professional and support staff members should be involved in the planning process,
which culminates in the preparation of the budget document. The superintendent will establish
procedures that seek input from the appropriate people on budgetary needs and that consider the
priorities established by the Board.
The Board designates the superintendent to serve as the budget officer of the district. As budget
officer, the superintendent will direct the planning and preparation of the budget and will submit
it to the Board for approval. The superintendent will present to the Board a tentative budget
proposal for the following year and will present the final budget proposal before the new fiscal
year begins, as provided by law.
The Board may revise the items contained therein and will at that meeting adopt the portion of the
budget dealing with the salary schedule and the needed tax rate for the district. Should the adopted
budget require an increase in the tax levy above the authorized level that the Board may levy, the
tax levy increase shall be presented to the voters for approval. The budget shall be appropriately
adjusted if the voters fail to pass the tax levy increase. The Board will conduct at least one (1)
public hearing regarding the proposed budget and taxation rate.
The annual budget document shall present a completed financial plan for the ensuing fiscal year
and shall include at least the following statutory requirements:
- A budget message describing the important features of the budget and major changes from
the preceding year.
- Estimated revenues to be received from all sources for the fiscal year, with a comparative
statement of actual or estimated revenues for the two (2) years next preceding, itemized
by year, fund and source.
- Proposed expenditures for each department, office and other classification for the fiscal
year, with a comparative statement of actual or estimated expenditures for the two (2) years
preceding, itemized by year, fund, activity and object.
- The amount required for the payment of interest, amortization and redemption charges on
the debt of the school district.
- A general budget summary.
In no event shall the total proposed expenditures from any fund exceed the estimated revenues to
be received plus any unencumbered balance or less any deficit estimated for the beginning of the
fiscal year. Upon the recommendation of the superintendent, the Board will approve a system of
internal accounting to ensure proper financial accounting of revenues and expenditures.
The adopted budget of the Chillicothe R-II School District serves as the control to direct and limit
expenditures in the district. Overall responsibility for assuring control rests with the
superintendent, who will establish procedures for budget control and reporting throughout the
district.
The total amounts that may be expended during the fiscal year for the operation of the
school
district are set forth in the budget. The total budgeted expenditure for each program is the
maximum amount that may be expended for that classification of expenditures during the school
year unless a budget transfer is recommended by the superintendent and is approved by the Board.
The Board will review the financial condition of the district monthly and shall require the
superintendent to prepare a monthly reconciliation statement. This statement will show the amount
expended during the month, total (to date) for the fiscal year, receipts and remaining balances in
each fund. This statement will be used as a guide for projected purchasing and as a guide for
budget transfers.
During the fiscal year the superintendent may transfer any unencumbered balance or portion
thereof from the expenditure authorization of one (1) account to another, subject to limitations
provided by state laws and approval by the Board.
All moneys received by the school district shall be disbursed only for the purposes for which they
are levied, collected or received.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Revised: 04/20/2004
Cross Refs: CGC, State and Federal Programs Administration
Legal Refs: §§ 67.010 - .110, 165.016, .021, .051, .091, .131, RSMo.
Mo. Const., Art. VI, § 26
Mercantile Bank of Illinois v. School District of Osceola, 834 S.W. 2d 737 (Mo.
banc 1992)
Chillicothe R-II School District, Chillicothe, Missouri
© 2003, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DB-C.1B (2/03)
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FILE: DBB
Critical
FISCAL YEAR
The fiscal year is defined as beginning annually on the first day of July and ending on the thirtieth
day of June following.
The district treasurer shall not draw any check or issue any order for payment that is in excess of
the income and unencumbered revenue of the school district for the fiscal year beginning on the
first day of July and ending on the thirtieth day of June following.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Legal Refs: § 165.021, RSMo.
Chillicothe R-II School District, Chillicothe, Missouri
© 2000, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DBB-C.1B (10/89)
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FILE: DC
Critical
TAXING AND BORROWING AUTHORITY/LIMITATIONS
Taxation Authority
The Board shall levy and cause to be assessed and collected ad valorem property taxes for the
operation of the school district. The district's taxing authority is established by state law.
Each year, the superintendent will prepare and submit for Board approval an estimate of the
amount of money to be raised by taxation for the ensuing fiscal year, the rate required to produce
that amount, and the rate necessary to sustain the school district's meeting principal and interest
payments on the bonded debt of the district, and providing the funds to meet other legitimate
purposes. Prior to setting tax rates for the teachers' and incidental funds, the Board shall annually
set the top rate for the capital projects fund as necessary with the exception as provided by law.
The Board will also conduct at least one (1) public hearing on the estimate and the proposed tax
rate. The Board shall forward the estimate, calculated to the nearest one/one hundredth of a cent,
to the county clerk on or before September 1 of each year. The district shall round up a fraction
greater than or equal to five/one thousandth of one cent to the next higher one/one hundredth of
a cent.
If the district receives from the county clerk the state auditor's finding that the proposed rate does
not comply with Missouri law, the Board will have 15 days from the date of receipt of the finding
to accept or reject in writing the rate change certified by the state auditor and to submit all
requested information to the state auditor. A copy of the Board's acceptance or rejection and any
information submitted to the state auditor shall also be mailed to the county clerk.
Whenever it becomes necessary, in the judgment of the Board, to increase the tax rate beyond the
authorized level (the amount last approved by the voters of the district or as subsequently revised
according to law), the Board shall determine the rate of taxation necessary to be levied in excess
of the existing rate and submit the proposition to the voters of the district. Election procedures
shall be in compliance with state law and Article X, Section 11(c) of the Missouri Constitution.
The Board may decrease the official tax rate in compliance with state law and/or at its own
discretion.
Any change in the ad valorem property tax rate must be established and sent to the county clerk
no later than September 1 of each year, for entry in the tax books for the ensuing tax year.
The district will file the required report of tax collected with the State Tax Commission as required
by law.
Borrowing Authority
The Board is permitted by law to borrow money in anticipation of collection of taxes for the
purpose of securing funds for school operations, including the debt service fund. Issuance of all
such tax and revenue anticipation notes requires Board approval. The notes may be issued at any
time in any year and the aggregate outstanding amount of the rate issued in one (1) year for any
fund shall not exceed the amount of the School Board's estimate of the year's requirement for the
fund. The notes shall be payable within 12 months from date of issuance.
Bonded Indebtedness
The Board may borrow money and issue bonds for payment of purchasing school house sites,
erecting, furnishing and/or repairing school houses, purchasing school buses and other
transportation equipment, and any other expenditures as prescribed in state law. Funds raised
through the sale of bonds may be used only for the purposes set forth in the election which
authorized the sale of bonds. Before a bond issue election, specific needs for facilities shall be
made clear to the general public, and careful estimates shall be made as to the amounts required
for the sites, buildings and equipment. In addition the Board may provide for payment of such
projects from operating revenues through the use of lease purchase financing. Following approval
by the voters, the disposition of the bonded indebtedness will be in accordance with state statutes.
The following points of state law shall serve as guideposts in the Board's issuance of bonds:
- A four-sevenths vote is required before the issuance of bonds if the issue is submitted at
a municipal election, or at the general or primary election held in even-numbered years.
At all other elections, a two-thirds vote is required.
- The Board of Education has a limit of bonded indebtedness of 15 percent of the value of
taxable tangible property as shown by the last completed assessment for state and county
purposes.
- Bonds shall be issued in denominations of $1,000, or in any multiples of $1,000.
- The number of years which the whole, or any part, of the bonds are to run shall not exceed
20 years from the date of the bonds.
- The revenues from taxes levied for the purpose of satisfying bonded indebtedness
obligations, both principal and interest, shall be recorded in the debt service fund.
General Funds
Upon the recommendation of the superintendent, the Board of Education may make provisions for
minor capital outlay projects from the proceeds of current revenue in the adopted budget. Funds
may be transferred from the incidental fund to the capital projects fund in an amount equal to the
capital expenditures for school safety and security purposes.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Revised: 02/21/2003
Legal Refs: §§ 67.110, 108.150 - .280, 137.010, .055, .073, .100, .245, 164.011, .121 - .301,
165.011, .131, .141, RSMo.
Mo. Const., Art. VI, § 26(b)
Mo. Const., Art. X, § 11(c)
Chillicothe R-II School District, Chillicothe, Missouri
© 2000, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DC-C.1G (10/00)
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FILE: DCA
Critical
TAX RATE HEARINGS AND REVIEWS
Prior to the adoption of the final tax rates (before September 1, annually), the Chillicothe R-II
School District Board of Education will conduct at least one public hearing at which time the
superintendent and Board members will explain the taxation rates and invite questions and
discussion.
The announcement of the hearing will conform with the following guidelines:
- Public notice of the hearing will be given by either publication in a newspaper of general
circulation or the posting of such notice in at least three public places within the district,
at least seven days prior to the hearing.
- The notice will include the date, time and place of the hearing, and will indicate where a
copy of the budget is available for public inspection.
- The notice shall also include information relative to assessed valuation and proposed
taxation rates as cited in Section 67.110, RSMo.
- The Board will annually adopt, on or before September 1, the proposed tax rate as presented or
as amended following the budget hearing(s).
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Legal Refs: §§ 67.110, 137.245, 164.011, RSMo.
Chillicothe R-II School District, Chillicothe, Missouri
© 2000, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DCA-C.1B (9/88)
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FILE: DCB
Critical
POLITICAL CAMPAIGNS
No contribution or expenditure of district funds shall be made directly by any Board member,
employee or agent of the district to advocate, support or oppose any ballot measure or
candidate
for public office. This does not prevent Board members or administrators from making public
appearances or issuing press releases concerning any such ballot measures.
Reasonable expenditures may be made solely for the purpose of providing patrons of the district
with objective information regarding ballot measures in order to inform voters concerning issues
that directly affect the district.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Revised: 02/21/2003
Cross Refs: GBCB, Staff Conduct
KB, Public Information Program
Legal Refs: § 115.646, RSMo.
Chillicothe R-II School District, Chillicothe, Missouri
© 2001, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DCB-C.1B (8/01)
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FILE: DD
Basic
GRANTS
Application for Grants
The district directs the superintendent or designee to pursue all grants and other alternative sources
of funds, goods and services that are consistent with the district’s goals and educational
strategies
and that will enhance the educational offerings of the district.
All grants must:
- Be based on a specific set of internal objectives that relate to the established goals and
objectives of the district.
- Provide measures for evaluating whether project objectives are being or have been
achieved.
- Conform to state and federal laws and to the policies of the Board in the execution of the
project.
All grant proposals shall be approved by the Board before being submitted to the funding agency
regardless of the amount of funding involved. Before a grant application is presented to the
Board, the superintendent or designee will determine whether the district has the appropriate staff
to support the grant project and to maintain accurate records required by the granting entity, as
well as adequate resources if matching funds are required.
All grants that involve district property, students or personnel in their capacity as employees are
considered district grants and are subject to the requirements of this policy. No individual will
use grant proceeds in the district without district permission.
Administration of Grants
Every grant involving the district must have a designated contact for the grant who is an employee
of the district to oversee grant activity and ensure the appropriate records, evaluations and
procedures are used.
All grant funds received must be deposited in district accounts. District policies regarding
purchasing, expenditure of funds and employment will be followed when expending grant funds.
Staff positions created through grant funding will be filled pursuant to Board policy.
Accurate records will be kept of all grant expenditures. An annual report will be provided to the
superintendent or designee on the status of the grant program, participation in the program and
the success of the program.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 07/20/2004
Cross Refs: GCD, Professional Staff Recruiting and Hiring
GDC, Support Staff Recruiting and Hiring
Chillicothe R-II School District, Chillicothe, Missouri
© 2003, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DD-C.1A (12/03)
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FILE: DD-AP
Basic
GRANTS (State and Federal Programs Administration)
Securing Grants
Steps to be followed in securing grants are:
1. Based on the district's Comprehensive School Improvement Program (CSIP), identify an
area in need of improvement that may be helped through outside funds.
2. Match the need or problem with a funding source that subscribes to a relevant purpose.
3. Study the background, resources and funding prospects of the agency.
4. Clear with the superintendent or designee the general idea for a proposal.
5. Involve prospective participants in planning for a proposal. Secure parents' written
permission if children are to be involved in experimental types of instruction (see
JHDA).
6. Prepare the application using the format and following the timeline prescribed by the
funding agency.
7. Discuss the funding of personnel, including the project director, with the personnel
director, making sure to apply for full outside funding of all fringe benefits, including
unemployment insurance.
8. Submit copies of the grant application to the superintendent for recommendation to the
Board for approval. If matching funds or resources are required, discuss the district's
obligations with the superintendent or designee to ensure adequate resources are
available.
9. If approved, complete the process of submission to the funding agency and its subsidiaries
as required and provide copies to participants.
All grants must be approved by the Board of Education prior to submission. Match-free grants
for individual teachers or groups of teachers must be approved by the building principal prior to
submission.
* * * * * * *
Note: The reader is encouraged to review policies and/or f forms for related information in
this administrative area.
Implemented: 02/21/2003
Revised: 07/20/2004
Chillicothe R-II School District, Chillicothe, Missouri
© 2003, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DD-AP.1A (12/03)
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FILE: DEA
Critical
REVENUES FROM TAX SOURCES
Local
The Board of Education, through the adoption of the annual budget, shall prepare an estimate of
the amount of money to be raised by taxation for the ensuing school year, the rate required to
produce the amount, and the rate necessary to sustain the district meeting principal and interest
payments on the bonded indebtedness and providing the funds to meet other legitimate district
purposes.
Whenever it becomes necessary, in the judgment of the Board, to increase the tax rate beyond the
authorized level (the amount last approved by the voters of the district or as subsequently revised
according to law), the Board shall determine the rate of taxation necessary to be levied in excess
of the existing rate and submit the proposition to the voters of the district. Election procedures
shall be in compliance with state law and Article X, Section 11(c) of the Missouri Constitution.
State
The Board of Education will accept all available state funds to which the district is entitled by law
or through regulations of the Missouri State Board of Education and/or Missouri Department of
Elementary and Secondary Education. State funds, both categorical and general, are based upon
objective formulae. The superintendent shall be responsible for ensuring that the district files the
required reports and firms to secure the amount of state funds to which it is entitled.
Federal
Applications shall be made for federal funds when available, provided that none of the conditions
of acceptance is in disharmony with state law, the policies, rules and regulations of the Board of
Education and the objectives of the district. The school district shall comply with all federal
requirements governing these moneys, and shall account for each federal project separately and
expend said funds as authorized by the approved project application only.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Revised: 02/21/2003
Cross Refs: CGC, State and Federal Programs Administration
KNC, Relations with State/Federal Governmental Authorities
Legal Refs §§ 137.073, 137.115, 163.021, .031, 164.011 - .041, RSMo.
Mo. Const., Art. X, § 11(c)
34 C.F.R. Parts 75-110
Chillicothe R-II School District, Chillicothe, Missouri
© 2000, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DEA-C.1C (3/00)
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FILE: DED
Critical
DISPOSITION OF UNBUDGETED REVENUE
The Board of Education recognizes that due to special circumstances, the school district may
occasionally receive revenue not budgeted.
In the event such revenues are received, the Board will disburse the revenues in accordance with
any provisions or requirements accompanying the allocation. The Board, when authorized to
establish local policy pertaining to the procedure and schedule for the disbursement of such
revenues, shall establish an appropriate policy upon the recommendation of the superintendent.
Recommendations for procedural guidelines specifying a disbursement plan for moneys designated
to the teachers' fund should be determined after receiving the suggestions of the professional staff.
However, in accordance with state constitutional provisions, unbudgeted revenue received during
the budget year shall not alter compensation of employees within the current contract period.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Legal Refs: Mo. Const., Art. III, §§ 38(a), 39(3)
§ 168.110, RSMo.
Mo. Atty. Gen. Op., No. 211, Belt, May 6, 1970
Chillicothe R-II School District, Chillicothe, Missouri
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FILE: DFA
Critical
REVENUES FROM INVESTMENTS/USE OF SURPLUS FUNDS
The Board authorizes and appoints the superintendent [or business officer or treasurer] to serve
as investment officer of the school district ("district") to invest surplus school district moneys
which are determined as not being immediately needed for the operation of the district. The
superintendent shall follow procedures adopted by the Board in making investments and obtaining
the best interest rates possible. Collateralized investments will comply with the requirements of
the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989.
I. Scope
This policy applies to the investment of all operating funds of the district.
1. Pooling of Funds
Except for cash in certain restricted and special funds, the district will consolidate
cash balances from all funds to maximize investment earnings. Investment income
will be allocated to the various funds based on their respective participation and in
accordance with the generally accepted accounting principles.
2. External Management of Funds
Investment through external programs, facilities and professionals operating in a
manner consistent with this policy will constitute compliance.
II. General Objectives
1. Safety
Safety of principal is the foremost objective of the investment program.
Investments shall be undertaken in a manner that seeks to ensure the preservation
of capital in the overall portfolio. The objective will be to mitigate credit risk and
interest rate risk.
a. Credit Risk
The district will minimize credit risk, the risk of loss due to the failure of
the security issuer or backer, by:
- Pre-qualifying the financial institutions, brokers/dealers,
intermediaries, and advisors with which the district will do
business.
- Diversifying the portfolio so that potential losses on individual
securities will be minimized.
b. Interest Rate Risk
The district will minimize the risk that the market value of securities in the
portfolio will fall due to changes in general interest rates, by:
- Structuring the investment portfolio so that securities mature to meet
cash requirements for ongoing operations, thereby avoiding the need
to sell securities on the open market prior to maturity.
- Investing operating funds primarily in shorter-term securities.
2. Liquidity
The investment portfolio shall remain sufficiently liquid to meet all operating
requirements that may be reasonably anticipated. This is accomplished by
structuring the portfolio so that securities mature concurrent with cash needs to
meet anticipated demands (static liquidity). Furthermore, since all possible cash
demands cannot be anticipated, the portfolio should consist largely of securities
with active secondary or resale markets (dynamic liquidity). A portion of the
portfolio also may be placed in bank deposits or repurchase agreements that offer
same-day liquidity for short-term funds.
3. Yield
The investment portfolio shall be designed with the objectives of attaining a market
rate of return throughout budgetary and economic cycles, taking into account the
investment risk constraints and liquidity needs. Return on investment is of
secondary importance to the safety and liquidity objectives described above. The
core of investments are limited to relatively low risk securities in anticipation of
earning a fair return relative to the risk being assumed. Securities shall not be sold
prior to maturity with the following exceptions:
- A security with declining credit may be sold early to minimize loss of
principal.
- A security swap would improve the quality, yield, or target duration in the
portfolio.
- Liquidity needs of the portfolio require that the security be sold.
III. Standards of Care
1. Prudence
The standard of care to be used by investment officials shall be the "prudent
person" standard and shall be applied in the context of managing an overall
portfolio. Investment officers acting in accordance with written procedures and
this investment policy and exercising due diligence shall be relieved of personal
liability for an individual security's credit risk or market price changes, provided
deviations from expectations are reported in a timely fashion to the governing body
and the liquidity and the sale of securities are carried out in accordance with the
terms of this policy.
Investments shall be made with moneys and care, under circumstances then
prevailing, which persons of prudence, discretion and intelligence exercise in the
management of their own affairs, not for speculation, but for investment,
considering the probable safety of their capital as well as the probable income to
be derived.
2. Ethics and Conflicts of Interest
Officers and employees of the district involved in the investment process shall
refrain from personal business activity that could conflict with the proper execution
and management of the investment program, or that could impair their ability to
make impartial decisions. Employees and investment officials shall disclose any
material interests in financial institutions in which they conduct business. They
shall further disclose any personal financial/investment positions that could be
related to the performance of the investment portfolio. Employees and officials
shall refrain from undertaking personal investment transactions with the same
individual with which business is conducted on behalf of the district.
3. Delegation of Authority
Authority and responsibility for management of the day-to-day operations of the
investment program may be granted to the superintendent or designee and/or an
external professional organization, including Missouri Securities Investment
Program ("MOSIP"). The investment officer shall ensure that the investment
program's operations are in accordance with the established written procedures and
internal controls for the operation of the investment program consistent with this
investment policy. Procedures should include references to: safekeeping, delivery
vs. payment, investment accounting, repurchase agreements, wire transfer
agreements, and collateral/depository agreements. No person may engage in an
investment transaction except as provided under the terms of this policy and the
procedures established by the investment officer.
IV. Investment Transactions
1. Authorized Financial Dealers and Institutions
A list will be maintained of financial institutions authorized to provide investment
transactions. In addition, a list also will be maintained of approved security
brokers/dealers selected by creditworthiness. These may include "primary" dealers
or regional dealers that qualify under Securities and Exchange Commission (SEC)
Rule 15C3-1 (uniform net capital rule).
All financial institutions and broker/dealers who desire to become qualified for
investment transactions must supply the following as appropriate:
Audited financial statements.
- Proof of National Association of Securities Dealers, Inc. (NASD)
certification.
- Completed broker/dealer questionnaire.
- Certification of having read and understood and agreeing to comply with
the district's investment policy.
An annual review of the financial condition and registration of qualified financial
institutions and broker/dealers will be conducted by the superintendent or designee
and/or the designated external professional organization.
[Optional: From time to time, the investment officer may choose to invest or cause
or permit investments to be made in instruments offered by emerging or minority
firms and community financial institutions. In such situations, a waiver to the
criteria under Paragraph 1 may be granted by the governing body. All terms and
relationships will be fully disclosed prior to purchase and will be reported to the
governing body of the district on a consistent basis. The governing body of the
district should approve these types of investment purchases in advance.]
2. Internal Controls
The investment officer is responsible for establishing and maintaining an internal
control structure that will be reviewed annually with the district's independent
auditor. The internal control structure shall be designed to ensure that the assets
of the district are protected from loss, theft or misuse and to provide reasonable
assurance that these objectives are met. The concept of reasonable assurance
recognizes that (1) the cost of control should not exceed the benefits likely to be
derived and (2) the valuation of costs and benefits require estimates and moneys by
management.
The internal controls shall address the following points:
- Control of collusion.
- Separation of transaction authority from accounting and record keeping.
- Custodial safekeeping.
- Avoidance of physical delivery securities.
- Clear delegation of authority to subordinate staff members.
- Written confirmation of transactions for investments and wire transfers.
- Development of a wire transfer agreement with the lead bank and third
party custodian.
3. Delivery vs. Payment
All trades where applicable will be executed by delivery vs. payment (DVP) to
ensure that securities are deposited in eligible financial institutions prior to the
release of funds. All securities shall be perfected in the name or for the account
of the district or MOSIP or other designated external professional organization and
shall be held by a third-party custodian as evidenced by appropriate safekeeping
receipts.
IV. Suitable and Authorized Investments
1. Investment Types
In accordance with and subject to restrictions imposed by current statutes, the
following list represents the entire range of investments that district will consider
and which shall be authorized for the investments of funds by the district.
a. Securities issued by State of Missouri -- The district may invest in
obligations of the Missouri State government for which the full faith and
credit of the State of Missouri are pledged for the payment of principal and
interest.
b. United States Treasury Securities -- The district may invest in obligations
of the United States government for which the full faith and credit of the
United States are pledged for the payment of principal and interest.
c. United States Agency Securities -- The district may invest in obligations
issued or guaranteed by any agency or any wholly owned corporation of the
United States Government as described in V (2).
d. Repurchase Agreements -- The district may invest in contractual agreements
between the district and commercial banks or primary government
securities dealers. The purchaser in a repurchase agreement (repo) enters
into a contractual agreement to purchase Treasury and government agency
securities while simultaneously agreeing to resell the securities at
predetermined dates and prices.
e. Collateralized Public Deposits (Certificates of Deposit) -- Instruments
issued by financial institutions which state that specified sums have been
deposited for specified periods of time and at specified rates of interest.
The certificates of deposit are required to be backed by acceptable collateral
securities as described in §§ 110.010 - .020, RSMo.
f. Bankers' Acceptances -- Time drafts drawn on and accepted by a
commercial bank, otherwise known as bankers' acceptances. The district
may invest in bankers' acceptances issued by domestic commercial banks
possessing the highest rating issued by Moody's Investor Services, Inc. or
Standard and Poor's Corporation.
g. Commercial Paper -- The district may invest in commercial paper issued by
domestic corporations, which has received the highest rating issued by
Moody's Investor Services, Inc. or Standard and Poor's Corporation.
Eligible paper is further limited to issuing corporations that have total assets
in excess of five hundred million dollars ($500,000,000).
2. Security Selection: The following list represents the entire range of United States
Agency Securities that district will consider and which shall be authorized for the
investment of funds by the district. Additionally, the following definitions and
guidelines should be used in purchasing the instruments:
a. U.S. Govt. Agency Coupon and Zero Coupon Securities -- Bullet coupon
bonds with no embedded options.
b. U.S. Govt. Agency Discount Notes -- Purchased at a discount with
maximum maturities of one (1) year.
c. U.S. Govt. Agency Callable Securities -- Restricted to securities callable at
par only with final maturities of five (5) years.
d. U.S. Govt. Agency Step-Up Securities -- The coupon rate is fixed for an
initial term. At coupon date, the coupon rate rises to a new, higher fixed
term. Restricted to securities with final maturities of five (5) years.
e. U.S. Govt. Agency Floating Rate Securities -- The coupon rate floats off
one index restricted to coupons with no interim caps that reset at least
quarterly.
f. U.S. Govt. Mortgage Backed Securities -- Restricted to securities with final
maturities of five (5) years.
3. Investment Restrictions and Prohibited Transactions
To provide for the safety and liquidity of the district's funds, the investment
portfolio will be subject to the following restrictions:
a. Borrowing for investment purposes ("Leverage") is prohibited.
b. Instruments known as Structured Notes (e.g. inverse floaters, leveraged
floaters, and equity-linked securities) are not permitted. Investment in any
instrument, which is commonly considered a "derivative" investment (e.g.
options, futures, swaps, caps, floors and collars) is prohibited.
c. Contracting to sell securities not yet acquired in order to purchase other
securities for purposes of speculating on developments or trends in the
market is prohibited.
d. No more than 5% of the total market value of the portfolio may be invested
in bankers' acceptances issued by any one commercial bank and no more
than 5% of the total market value of the portfolio may be invested in
commercial paper of any one issuer.
4. Collateralization
Collateralization will be required on two (2) types of investments: certificates of
deposit and repurchase agreements. In order to anticipate market changes and
provide a level of security for all funds, the market value (including accrued
interest) of the collateral should be at least 100%. For certificates of deposit, the
market value of collateral must be at least 100% or greater of the amount of
certificates of deposit plus demand deposits with the depository, less the amount,
if any, which is insured by the Federal Deposit Corporation, or the National Credit
Unions Share Insurance Fund.
All securities, which serve as collateral against the deposits of a depository
institution must be safe kept at a non-affiliated custodial facility. Depository
institutions pledging collateral against deposits must, in conjunction with the
custodial agent, furnish the necessary custodial receipts within five (5) business
days from the settlement date.
5. Repurchase Agreements
The securities for which repurchase agreements will be transacted will be limited
to Treasury and government agency securities that are eligible to be delivered via
the Federal Reserve's Fedwire book entry system. Securities will be delivered to
the district's designated Custodial Agent. Funds and securities will be transferred
on a delivery vs. payment basis.
VI. Investment Parameters
1. Diversification
The investments shall be diversified to minimize the risk of loss resulting from over
concentration of assets in specific maturity, specific issuer, or specific class of
securities. Diversification strategies shall be established and periodically reviewed.
At a minimum, diversification standards by security type and issuer shall be:
a. U.S. treasuries and securities having principal and/or interest guaranteed
by the U.S. government -- 100%
b. Collateralized time and demand deposits -- 100%
c. U.S. Government agencies, and government sponsored enterprises -- No
more than 60%
d. Collateralized repurchased agreements -- 50%
e. U.S. Government agency callable securities -- No more than 30%
f. Commercial Paper and Bankers' Acceptances -- No more than 50%
2. Maximum Maturities
To the extent possible, the district shall attempt to match its investments with
anticipated cash flow requirements. Investments in bankers' acceptances and
commercial paper shall mature and become payable not more than 180 days from
the date of purchases. All other investments shall mature and become payable not
more than five (5) years from the date of purchase. The district shall adopt
weighted average maturity limitations that should not exceed three (3) years and is
consistent with the investment objectives.
Because of inherent difficulties in accurately forecasting cash flow requirements,
a portion of the portfolio should be continuously invested in readily available funds
such as in bank deposits or overnight repurchase agreements to ensure that
appropriate liquidity is maintained to meet ongoing obligations.
VII. Reporting
1. Methods
The investment officer shall prepare or cause to be prepared an investment report
at least quarterly, including a management summary that provides an analysis of
the status of the current investment portfolio and transactions made over the last
quarter. This management summary will be prepared in a manner that will allow
the district to ascertain whether investment activities during the reporting period
have conformed to the investment policy. The report should be provided to the
governing body of the district. The report will include the following:
- Listing of individual securities held at the end of the reporting period.
- Realized and unrealized gains or losses resulting from appreciation or
depreciation by listing the cost and market value of securities over one-year
duration (in accordance with Government Accounting Standards Board
(GASB) 31 requirements). [Note: This is only required annually.]
- Average weighted yield to maturity of portfolio on investments as compared
to applicable benchmarks.
- Listing of investment by maturity date.
- Percentage of the total portfolio which each type of investment represents.
2. Performance Standards
The investment portfolio will be managed in accordance with the parameters
specified within this policy. The portfolio should obtain a market average rate of
return during a market/economic environment of stable interest rates. A series of
appropriate benchmarks may be established against which portfolio performance
shall be compared on a regular basis.
Commercial paper and bankers' acceptances must be reviewed not less often than
monthly by the investment officer to determine if the rating level has changed. The
commercial paper and bankers' acceptances should be reviewed for possible sale
if the securities are downgraded below the minimum acceptable rating levels.
3. Marking to Market
The market value of the portfolio shall be calculated at least quarterly and a
statement of the market value of the portfolio shall be issued at least annually to the
Board. This will ensure that review of the investment portfolio, in terms of value
and price volatility, has been performed.
VIII. Policy Considerations
1. Exemption
Any investment currently held that does not meet the guidelines of this policy shall
be exempt from the requirements of this policy. At maturity or liquidation, such
moneys shall be reinvested only as provided by this policy.
2. Adoption
The policy shall be reviewed annually by the investment officer and recommended
changes will be presented to the Board for consideration.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Revised: 01/18/2000
Legal Refs: §§ 30.260, 165.051, 165.091, 110.010 - .020, RSMo.
Mo. Const., Art. IV, § 15
12 U.S.C. § 1823(e)
Chillicothe R-II School District, Chillicothe, Missouri
© 2000, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DFA-C.2A (2/99)
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Critical
DEPOSITORY OF FUNDS
Selection of depositories shall be made by the bid selection process established by state law and
as set forth in administrative procedure, DG-AP.
Each depository selected shall, within ten (10) days after its selection, post securities in accordance
with state law. Collateralized investments will comply with the requirements of the Financial
Institutions Reform, Recovery and Enforcement Act of 1989.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Revised: 02/21/2003
Legal Refs: §§ 110.010 - .020, 165.201 - .291, RSMo.
12 U.S.C. § 1823(e)
Chillicothe R-II School District, Chillicothe, Missouri
© 2000, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DG-C.1F (3/00)
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FILE: DGA
Critical
AUTHORIZED SIGNATURES
The president and treasurer of the Board shall sign all checks issued by the school district. The
Board provides authorization for the signatures to be affixed to the checks in facsimile, provided
the officer has a manual signature that has been certified under oath on file with the Missouri
Secretary of State.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Cross Refs: BCB, Board Officers
BCC, Appointed Board Officials
Legal Refs: §§ 165.021, .091, 105.273 - .276, RSMo.
Chillicothe R-II School District, Chillicothe, Missouri
© 2000, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DGA-C.1B
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FILE: DH
Critical
BONDED EMPLOYEES AND OFFICERS
The treasurer of the Chillicothe R-II School District Board of Education shall enter into a bond
to the state of Missouri with two (2) or more sureties, to be approved by the Board, conditional
that a faithful and just account of all moneys that come into the hands of the treasurer will be
rendered and that the duties of the office will be performed according to the law. The bond shall
be filed with the secretary of the Board. The treasurer shall be the custodian of all school moneys
derived from taxation for school purposes in the district until paid out on the order of the Board.
The Board shall provide a blanket bond to cover all other employees who handle school moneys.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Revised: 02/21/2003
Cross Refs: BCC, Appointed Board Officials
Legal Refs: § 162.401, RSMo.
Chillicothe R-II School District, Chillicothe, Missouri
© 2001, Missouri School Boards' Association, Registered
in U.S. Copyright Office
For Office Use Only: DH-C.1B (8/01)
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FILE: DI
Critical
FISCAL ACCOUNTING AND REPORTING/ACCOUNTING SYSTEM
The superintendent shall be responsible for implementing the financial accounting system adopted
by the Board. The district's accounting system will provide an accurate record of all financial
transactions completed by the district. The accounting system shall conform to requirements
established by state statutes and regulations of the Missouri Department of Elementary and
Secondary Education, based on Handbook II, Revised, and as modified by the Missouri Financial
Accounting Manual, Revised.
The superintendent shall be responsible for receiving and properly accounting for all funds of the
school district. As specified in state law, the Board of Education shall establish funds for the
accounting of all school moneys in the district. The treasurer of the district shall open an account
for each fund, and all moneys received by the district shall be deposited in the appropriate fund
account. All financial transactions shall be recorded in the revenue and expenditure records, and
appropriate entries from the adopted budget shall be made in the records for the respective funds.
The Board shall receive monthly financial statements from the superintendent showing the
financial condition of the district. In addition, other financial statements determined necessary by
either the Board or the superintendent shall be presented to the Board for review.
The superintendent shall also be responsible for pupil-related accounting and shall file enrollment,
attendance, food service and transportation reports as required by the Missouri Department of
Elementary and Secondary Education.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Revised: 01/18/2000
Legal Refs: § 165.011, RSMo.
Chillicothe R-II School District, Chillicothe, Missouri
© 2000, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DI-C.1D (1/99)
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FILE: DIE
Critical
AUDITS
An auditing firm shall be retained at the close of each fiscal year for the purpose of auditing and
making necessary reports to the Board of Education and the Missouri Department of Elementary
and Secondary Education (DESE). The superintendent shall arrange with the firm for an audit
examination of all financial, transportation, food service and attendance records of the district, in
accordance with state law. Confidential and privileged communications between the district and
its auditor, including all auditor work products, are hereby closed to the extent permitted by §
610.021(17), RSMo.
The audit examination shall be made in accordance with generally accepted auditing standards, to
include such reviews and tests of the accounting system, books and records, and other underlying
data as are necessary to come to an informed opinion as to the financial affairs of the Chillicothe
R-II School District.
The audit report shall include the requirements as enumerated in§ 165.121.3,
RSMo.
Each member of the Board of Education shall receive a copy of the audit report, and a copy shall
be furnished to DESE no later than October 31. The superintendent shall be responsible for filing
copies of the audit with the proper authorities.
Within 30 days of receipt of the audit report, the Board of Education shall prepare a summary of
the report in accordance with§ 165.121.5, RSMo., and have it published once in a newspaper
within Livingston County. The publication shall contain information that the audit report is
available for inspection and examination in the superintendent's office during regular office hours.
If it happens that the district does not cause an audit to be performed pursuant
to § 165.121,
RSMo., the district shall make and publish, not later than the first day of September, in a
newspaper published in the school district, or, if no newspaper is published in the district, then
in some newspaper that is circulated generally in the district, a statement of all receipts of school
moneys, when and from what source such moneys were derived, and all expenditures and the
accounts such moneys were expended upon. The report shall also set forth the present
indebtedness of the district, the nature thereof, and the rate of taxation for all purposes for the
year, and shall be duly attested by the president and secretary of the Board of Education. The
secretary shall also submit the annual report on prescribed forms to DESE.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Revised: 02/21/2003
Legal Refs: §§163.021, .081, 165.111, .121, 610.021 (17), RSMo.
Chillicothe R-II School District, Chillicothe, Missouri
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For Office Use Only: DIE-C.1D (3/00)
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FILE: DJC
Critical
BIDDING REQUIREMENTS
The district will conduct competitive bidding for the construction of facilities that are projected
to exceed an expenditure of $15,000, and for insurance contracts, bank depository services and
other products or services as required by law.
Other purchases or contractual services may be advertised and submitted for bid as directed by the
Board or when, in the opinion of the superintendent, the welfare of the district will be served.
The Board may require a bidder to submit a cashier's check or bidder's bond. The Board reserves
the right to reject any or all bids or any part of any bid and to accept the bid that appears to be in
the best interest of the school district. The Board reserves the right to waive minor technical
deficiencies in any bid. Any bid may be withdrawn prior to the scheduled time for the opening
of bids. Any bid received after the time and date specified shall not be considered.
Generally, bids accepted by the Board pertaining to contracts, services and/or benefits shall be on
an annual basis. However, the Board may enter into multi-year agreements as long as the
payments under the contract for any given year do not exceed the district's income and revenue
for the year plus any unencumbered balances from previous years.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Revised: 07/20/2004
Cross Refs: BBFA, Board Member Conflict of Interest and Financial Disclosure
EIA, Property and Liability Insurance
FEF, Construction Contracts Bidding and Awards
GCBC, Professional Staff Fringe Benefits
GDBC, Support Staff Fringe Benefits
Legal Refs: §§ 67.150, 105.458, 165.211, 177.086, 376.696, RSMo.
Mercantile Bank of Illinois v. School Dist. of Osceola, 834 S.W.2d 737 (1992)
Chillicothe R-II School District, Chillicothe, Missouri
© 2003, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DJC-C.1F (12/03)
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FILE: DJD
Critical
LOCAL/DOMESTIC PURCHASING
It is the policy of the Chillicothe R-II School District in making purchases to give preference to
and encourage the purchase of all commodities manufactured, mined, produced or grown within
the state, and to all firms, corporations or individuals doing business as Missouri firms,
corporations, or individuals, when quality and price are approximately the same. It is further the
policy of the school district to encourage the purchase of products manufactured, assembled or
produced in the United States.
A copy of this policy, certified by the signature of the president of the Board, shall be kept on file
in the district's business office and provided to any vendor upon request.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Legal Refs: §§ 34.350 et seq., 171.181 RSMo.
Chillicothe R-II School District, Chillicothe, Missouri
© 2000, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DJD-C.1B (2/92)
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FILE: DJE
Critical
COOPERATIVE PURCHASING
The Board endorses the concept of centralized purchasing and authorizes the superintendent to
supervise the purchasing of all supplies, equipment and materials for the school district in
accordance with state law and good purchasing practices.
Cooperative purchasing through state agencies or in combination with other schools may be
considered when it is deemed to be to the financial advantage of the school district.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Revised: 04/20/2004
Legal Refs: §§ 171.181, 393.310, RSMo.
Chillicothe R-II School District, Chillicothe, Missouri
Portions © 2003 Missouri School Boards’ Association
For Office Use Only: DJE-C.CHL (2/03)
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FILE: DJF
Critical
PURCHASING
The Board recognizes the importance of a sound fiscal management program and expects the
district to maintain an efficient and consistent procedure for purchasing materials and services for
the school district. No contract will be made and no bill will be paid without the proper
documentation and without an affirmative vote from a majority of the whole Board.
The superintendent or designee shall develop a purchasing procedure that efficiently supplies the
district, but also controls and documents district expenditures. Cooperative purchasing should be
utilized when it is determined to be to the financial advantage of the district.
The Board may purchase apparatus, equipment and furnishings by entering into lease purchase
agreements with vendors. Any agreement that results in school district ownership of the leased
object must contain a provision that allows the district an option to terminate the agreement on at
least an annual basis without penalty. All expenditures related to lease purchase agreements shall
be considered expenditures for capital outlay.
When purchasing food or beverages to be processed or served in a building or
room owned or
operated by the district, the Board will give preference to those that contain a higher level of
calcium if they are equal or lower in price and of the same type and nutritional quality. This
consideration is in addition to any requirements of the U.S. Department of Agriculture under the
National School Lunch Program or the School Breakfast Program.
The Board and the district will give preference to all commodities manufactured, mined, produced
or grown within the state and to all Missouri firms, corporations or individuals that supply
commodities when quality and price are approximately the same.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 02/21/2003
Revised: 07/20/2004
Cross Refs: BBFA, Board Member Conflict of Interest and Financial Disclosure
FEF, Construction Contracts Bidding and Awards
Legal Refs: §§ 34.375, 162.301, 170.041, 171.181, 177.082, 393.310, 432.070, .080, RSMo.
Mercantile Bank of Illinois v. School Dist. of Osceola, 834 S.W.2d 737 (1992)
Chillicothe R-II School District, Chillicothe, Missouri
© 2003, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DJF-C.1B (12/03)
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FILE: DK
Critical
PAYMENT PROCEDURES
All moneys received by the school district shall be disbursed only for the purposes for which they
are levied, collected or received.
The Board will give final approval to all bills paid. Payment of bills shall be authorized by the
superintendent or designee, only after verification of delivery and satisfaction by the department
or staff receiving the item(s). No payment for goods or services shall be made unless both an
itemized invoice showing the name of the person or firm to whom payment is due is presented,
and a receiving document bearing the signature of an authorized school employee is on file.
Building levels are responsible for ensuring that receipts are returned with purchase.
Furthermore, the invoice must have been issued in response to an approved purchase order. The
superintendent or designee shall audit all claims, and shall submit the same to the Board of
Education for approval and authorization for payment.
The superintendent or designee will prepare and present to the Board each month a list of bills for
approval of a warrant authorizing payment from district funds. Such lists will be supported by
invoices, approved purchase orders, properly submitted vouchers, or in accordance with salaries
and salary schedules approved by the Board.
School district moneys shall be disbursed only upon checks drawn by the treasurer and president
of the Board following final Board approval of the monthly list of bills. Each check shall show
the legal identification of the district by name and address, and the depository or investment
account upon which the check is drawn. It shall also specify the amount to be paid and to whom
payment is made, from what funds, for what purpose, the date of payment and the number of the
check.
Checks will be disbursed twice per month on the third Tuesday of the month and the final day of
the month. Disbursement dates will serve as the cutoff date for the next payment period.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Revised: 09/18/2001
Cross Refs: FEF, Construction Contracts Bidding and Awards
Legal Refs: §§ 105.273 - .276, 165.021, .091, RSMo.
Chillicothe R-II School District, Chillicothe, Missouri
Portions © 2000 Missouri School Boards’ Association
For Office Use Only: DK-C.CHL (11/95)
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FILE: DLB
Critical
SALARY DEDUCTIONS
All salary deductions will normally be subject to Board approval and are voluntary on the part of
the individual employee, except for deductions for absences not covered by paid leave or those
required by law. The employee must authorize all voluntary deductions in writing.
Contributions to the Missouri Educational Employees Memorial Scholarship Program
shall be voluntary, but not subject to Board approval.
Salary deductions for unauthorized or unpaid absences of salaried personnel shall be
computed by dividing the contracted salary, excluding extra-duty pay, by the number of
days in the contract period. Deductions for other personnel shall be based upon the hourly
rate of individual employees.
The Board may authorize voluntary payroll deductions from compensation earned
by employees if ten (10) or more employees so request. These deductions may be taken for,
but are not limited to, credit unions, annuities, IRA membership dues, insurance premiums
or other voluntary contributions. The amount deducted will be remitted to the
organization, company or association authorized by the employee. In addition to the
amount authorized, the district may deduct any administrative costs of compliance. The
Board shall not be responsible for any good-faith error in the administration of this service.
If the district provides a system of payroll deduction, the district will, upon written request
by ten (10) or more employees, provide employees with the option of contributing to
a continuing committee through payroll deduction. A continuing committee is a committee
of continuing existence that 1) is not formed, controlled or directed by a
candidate, 2) is
not a candidate or campaign committee and 3) has the primary or incidental purpose
of receiving contributions or making expenditures to influence or attempt to influence the
action of voters. No employee will be subjected to any adverse employment action based
on his or her participation or lack thereof in such a program.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Revised: 04/20/2004
Cross Refs: GCBDA, Professional Staff Short-Term Leaves and Absences
GDBDA, Support Staff Leaves and Absences
Legal Refs: §§ 130.011, .028, 168.300, 173.267, RSMo.
Chillicothe R-II School District, Chillicothe, Missouri
© 2003, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DLB-C.1E (2/03)
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FILE: DLC
Basic
EXPENSE REIMBURSEMENTS
Board members, the administrative staff and all other employees who incur expenses in carrying
out their authorized duties will be reimbursed if the expense is eligible for reimbursement pursuant
to district policies and procedures, if the expense was authorized and if proper documentation of
the expense is provided.
Because expenses are reimbursed from public funds, all persons traveling at the district's expense
are expected to use good judgment, differentiate between expenditures for business and those for
personal convenience and avoid unnecessary fees and excessive charges.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 11/16/2004
Chillicothe R-II School District, Chillicothe, Missouri
© 2004, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DLC-C.1A (5/04)
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FILE: DM
Critical
CASH IN SCHOOL BUILDINGS
All moneys collected within the district's schools shall be handled in a proper fiscal manner and
prudently safeguarded.
Money collected for any purpose will be submitted to the school principal or designee, who will
provide for its proper deposit. Money should never be left in a desk or classroom. When a
teacher or other school employee collects money from pupils for any purpose, that employee shall
be held responsible for that money until the employee turns it over to a person responsible for
receiving and depositing money.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or f forms for related information.
Adopted: 08/18/1998
Legal Refs: § 110.010, RSMo.
Chillicothe R-II School District, Chillicothe, Missouri
© 2000, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DM-C.1A
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FILE: DN
Critical
SURPLUS SCHOOL PROPERTY
(Seven-Director Districts NOT Located Totally or Partially Within St. Louis County)
When there is within the school district any school property that is no longer required for use by
the district, the Board, by an affirmative vote of a majority of the whole Board, may authorize and
direct the sale or lease of the property. However, property located outside the boundaries of the
district may not be leased.
Real property may be sold or leased by listing the property with one (1) or more real estate
brokers and paying a commission upon such sale or lease. Real property not disposed of in this
way and all personal property may be sold or leased to the highest bidder. The Board reserves
the right to reject all bids. Property may also be sold or leased to a city, state agency, municipal
corporation or other governmental subdivision of the state located within the boundaries of the
district for public uses and purposes.
The property shall be advertised as prescribed by state statute and detailed in administrative
procedures.
* * * * * * *
Note: The reader is encouraged to check the index located at the beginning of this
section for other pertinent policies and to review administrative procedures
and/or forms for related information.
Adopted: 08/18/1998
Revised: 02/21/2003
Cross Refs: GBCA, Staff Conflict of Interest
IIA, Instructional Materials
Legal Refs: § 177.091, RSMo.
Chillicothe R-II School District, Chillicothe, Missouri
© 2001, Missouri School Boards' Association, Registered in U.S. Copyright Office
For Office Use Only: DN-C.1E (8/01)
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SECTION A: FOUNDATIONS AND BASIC COMMITMENTS
| SECTION B: SCHOOL BOARD GOVERNANCE AND OPERATIONS
SECTION
C: GENERAL SCHOOL ADMINISTRATION | SECTION
D: FISCAL MANAGEMENT | SECTION
E: SUPPORT SERVICES
SECTION
F: FACILITIES DEVELOPMENT | SECTION
G: PERSONNEL | SECTION
I: INSTRUCTIONS | SECTION
J: STUDENTS
SECTION
K: SCHOOL-COMMUNITY RELATIONS | SECTION
L: EDUCATION AGENCY RELATIONS
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