Financial Transparency -- Step2 Quarterly Financial Statements

Financial Transparency -- Step2 Quarterly Financial Statements
The Carrolllton Farmer’s Branch Independent School District must join the scores of other school districts in Texas and publish quarterly financial stateents on the district's web site . Transparency by Texas School Districts: http://www.window.state.tx.us/comptrol/checkup/school-districts.php
The Board of Trustees, at a minimum, should adopt policies that require that:

The school district shall post on the district's Internet website the district's quarterly financial statements. The fiancial statements must include :

(1) budgeted revenue summarized by source, including
local, state, and federal;
(2) expenditures, including the function code
assigned to the expenditure for the purpose of meeting state
reporting requirements;
(3) projected fund balance and net asset balance for
the fiscal year end compared with the actual dollar amount in each
fund or asset account; and
(4) a comparison of actual revenue and expenditures to
budgeted revenue and expenditures.
The school district shall maintain each quarterly statement on the district's Internet website until the second anniversary of the date of the statement.