§ 22-44-103 — Budget and appropriation - required

(1) The board of education
of each school district shall adopt a budget and an appropriation resolution for
each fiscal year, prior to the beginning of the fiscal year. The board shall ensure
that the district uses the full accrual basis of accounting when budgeting and
accounting for any enterprise funds included in the district budget.

(2) If a new school district is organized during a fiscal year and the school
districts included therein do not operate the schools until the end of the school
year, the board of education of the newly organized district shall adopt a budget
and appropriation resolution to cover only the remaining portion of the fiscal year.
Such budget shall be based on the total of the amounts budgeted and appropriated
by the board of education of any former district wholly included in the new district
and the pro rata amounts budgeted and appropriated by the board of education of
any district only partly included therein, to the respective funds, functions, and
objects in the budget of the newly organized district.

Legislative History

Source: L. 64: p. 618, � 3. C.R.S. 1963: � 123-32-3. L. 2003: (1) amended, p. 1284, � 3, effective July 1.