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D.09 Operational Fund Cash Balances - April 2010 Revision

Note: This policy was revised in June 2012. We provide this revision for historic purposes only. Please refer to the current policy.

Albuquerque Public Schools shall maintain an operational fund cash balance level within the parameters of applicable state law of its final budgeted operating expenditures.  Finances of the district shall be managed to maintain these parameters.

For purposes of this policy, “operational fund” means the specific 11000 sub-fund of the general fund as designated by the New Mexico Public Education Department.

For purposes of this policy, “cash balance” means the total of the beginning balance of a specific fund plus revenue minus expenditures of that same specific fund.

Administrative Position: Chief Financial Officer

Department Director: Executive Director of Accounting, Executive Director of Budget Planning and Analysis

References:

Legal Cross Ref.:

§22-8-5 NMSA 1978

§22-8-41 NMSA 1978

6.20.2 NMAC

Board Policy Cross Ref.:

Procedural Directive Cross Ref.: Operational Fund Cash Balances Procedural Directive

NSBA/NEPN Classification: DB

Approved: April 21, 2010

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