SF 100 Annual Budget

Stewardship of Financial Resources

Revised Date(s):

03/99

09/16

Revision Type:

Tags:

Per the Metropolitan Library Act (65 O.S § 557 Annual Budget and Audit - Contributions - Allocation of Income [4]), 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:

Review Schedule

Staff Review Date:

July 2016