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School Board approves finance policy revisions
The Nash-Rocky Mount Schools board approved finance policy revisions and the budget calendar for next school year among other items at its meeting Monday night.

The financial policy revisions approved by the board cover the school system’s fiscal goals, budget process, revenue sources, fiscal accountability, separate accounts, personnel duties, and specific expenditure of funds.

NRMS Finance Officer Susan Blackwell presented the board with the 2010-11 budget calendar, which was approved.

The state’s Fiscal Budget and Control Act requires that the superintendent submit the 2010-11 budget to the board on May 1, and this budget will then be available for public inspection.

According to the approved budget calendar, the proposed 2010-11 current expense and capital outlay budget will be presented to the board at their next meeting, scheduled for March 15.

The board will review the proposed child nutrition budget at their April 19 meeting and the budget resolution for state public school and federal grant funds at their May 24 meeting.

The board must forward an approved budget to the County Commissioners on May 15. The commissioners then must complete their actions on the school budget by July 1.

In other action, the board approved an encroachment agreement with the NC Department of Transportation regarding the planned renovations at Middlesex Elementary School, as presented by Mark Strickland, NRMS special assistant for auxiliary services. The three-party right of way encroachment agreement is required for the installation of curb and gutter, concrete pipe, and a manhole.

The board’s next meeting is a work session scheduled for Monday, March 15, at 6 pm in the NRMS Central Office in Nashville. The public is invited to attend this work session, which will include discussion of accreditation, policy revisions, capital outlay and state public school fund budget amendments, 2010-11 proposed current expense and capital outlay budgets, closed session minutes, kindergarten and pre-k student readiness, and schools working on the state requirements to meet Annual Yearly Progress this year.

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