Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Policies Finance topic
No spam. Unsubscribe anytime.
Mount Lebanon board adopts revised finance policies, retires three older policies
Summary
The school board voted unanimously Feb. 17 to adopt a set of new finance policies (601–622 series) and retire three older finance policies, saying the new set offers greater clarity and transparency.
The Mount Lebanon Board of School Directors voted unanimously on Feb. 17 to adopt a package of revised finance policies intended to replace three earlier, broader finance policies.
The resolution adopted new policies numbered in the 600s—covering fiscal objectives, budget planning and preparation, budget adoption, tax levy, tuition income, bank accounts, investment of district funds, purchases (including bidding and quotation rules), payroll authorization and deductions, payment of bills, petty cash, fund balance and related items. The board vote also retired the prior policies DFA, DJAA and DJA.
The board president asked for a roll call; each member voted "Aye." The motion was moved and seconded and the motion carried. The board said the new, more granular numbering and naming should improve transparency and make finance policy language easier to find in the district’s BoardDocs system.
Status: adopted. There was no additional public discussion recorded beyond board remarks about improved clarity.
