- D
- Fiscal Management
Boulder Valley School District
Adopted: Date of manual adoption, current practice codified 1978
Revised: April 13, 2004, June 9, 2009, January 13, 2026
ACCOUNTING AND INVENTORYING
The Superintendent shall be responsible for properly accounting for all funds and assets of the District.
All funds received and/or disbursed by any agency of the school system including any and all School District transactions shall be accounted for carefully and accurately; shall conform with generally accepted principles of governmental accounting providing for the appropriate separation of accounts, funds and special moneys, and shall be done in a manner that is easily reviewed and lends itself to auditing. When accounting for any enterprise funds the District shall use the full accrual basis of accounting.
The Superintendent, or designee, is responsible for maintaining a system for the accounting of all capital assets and for the annual inventory of all assets above the cost threshold established by the Board or otherwise as established in the rules of the State Controller.
The net book value of all inventoried assets of the School District will be included in the School District’s government-wide financial statements.
The Board will review financial statements on a quarterly basis.
LEGAL REFERENCES
- C.R.S. § 22-44-103 (specifying enterprise funds accounting methods)
- C.R.S. §§ 22-44-203, 204 (requiring compliance with requirements established by the State Board of Education in the Financial Policies and Procedures Handbook)
- C.R.S. § 22-45-102 (requirements for budgeting and accounting, including board review of quarterly statements)
- C.R.S. § 29-1-506 (requiring continuing inventory by local government)