D.09 Operational Fund Cash Balances - April 2010 Revision
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
Legal Cross Ref.:
§22-8-5 NMSA 1978
§22-8-41 NMSA 1978
Board Policy Cross Ref.:
Procedural Directive Cross Ref.: Operational Fund Cash Balances Procedural Directive
NSBA/NEPN Classification: DB
Approved: April 21, 2010