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District staff outlines Chart of Accounts, revenue sources and four-phase budget timeline
Summary
Staff presented the Oregon Department of Education Chart of Accounts structure and reviewed revenue sources and the four phases of the budget process; no dollar amounts were presented.
District fiscal staff introduced the Oregon Department of Education's Chart of Accounts during the April 15 orientation, explaining fund categories (General Fund, Special Revenue, Capital Projects), object codes (salaries, services, supplies, capital outlay) and function codes (instruction, student services, facilities). Staff also listed revenue sources as local, state, federal and other.
Staff reviewed the four phases of the budget process: propose the budget, approve the budget (Budget Committee role), adopt the budget (Board action), and make changes after adoption when necessary. No specific dollar amounts or project-level allocations were presented during the session. Two public review meetings were scheduled for May 26 and June 2, both at 5:30 p.m.
