4003.1 Shasta Liberty BP Financial Reports and Accountability

4003.1 Shasta Liberty BP Financial Reports and Accountability

Board Policy 4003.1 sets framework and reporting requirements to ensure fiscal health and public accountability in alignment with GASB standards and authorizer guidelines. It mandates the annual approval of a Board Calendar of Reports, an initial budget, two interim budgets, and an annual statement of receipts and expenditures (unaudited actuals) due by September 15. Additionally, it requires regular informational reports to the Board—including actuals-to-date projections, P2 ADA estimates, monthly warrant listings, and Personnel Action Reports—while reserving the Board’s right to request interim financial updates at any time.