Policy 5540

FISCAL ACCOUNTING AND REPORTING
5540 PUBLICATION OF DISTRICT'S ANNUAL FINANCIAL STATEMENT

In compliance with Education Law, the Board is required to publish a financial statement, including a full, detailed account of moneys received and moneys expended, at least once a year, during either July or August. This annual financial report will be in the form prescribed in Commissioner's regulations.

The law requires that the information be published in one public newspaper which is published in the District. If no public newspaper is published in the District, then the District must use a newspaper having general circulation in the District. If no public newspaper is published in the District, and there is no newspaper having general circulation in the District, then the District must provide the information to the taxpayers by posting copies in five public places in the District. 


Policy References:
Education Law §§ 1610, 1721, 2117, 2528 and 2577
8 NYCRR § 170


Adopted: 6/22/99
Revised: 9/6/22

Policy 5540