Stewardship of Financial Resources
SF 100 Annual Budget
Revised Date(s):
03/99
09/16
Revision Type:
- Per the Metropolitan Library Act (65 O.S § 557 Annual Budget and Audit - Contributions - Allocation of Income), the Metropolitan Library Commission must establish a budget Prior to the beginning of the fiscal year.
- The Library’s fiscal year is defined as July 1 – June 30.
- The Commission’s Finance Committee will review and approve the budget, and will make a recommendation to the full Commission to adopt the budget. The budget document is signed by the executive director and the Chair, Vice Chair, and Disbursing Agent of the Commission.
- Administration will publish the budget, adjusted with the final ad valorem information received from the county, in a standard publication/newspaper of record.
- Administration will submit the published budget document to the County Excise Board for review and certification.
- The Finance Committee or Library’s executive director may bring amendments or changes to the budget at any time during the fiscal year.
- The Metropolitan Library Commission authorizes the executive director to establish procedures to administer this policy.
Previous Versions & Supporting Files:
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