Budget & Finance
Welcome to the ConVal School District’s Budget and Finance page. Here you will find monthly expense reports, budget information, sample forms, and links to any other relevant information.
The ConVal School District’s financial operations are governed by several state statutes, including NH RSA 32 (The Municipal Budget Law) and NH RSA 40:13 (Senate Bill 2 – Official Ballot Referenda). The Municipal Budget Law determines how proposed budgets are to be developed, adopted, and expensed; Senate Bill 2 (SB2) determines how the community votes on the proposed budget for any given year.
What follows below is a very brief summary of what is contained in the New Hampshire State statutes; please refer to the links below for the entire law.
The Municipal Budget Law
The purpose of the Municipal Budget Law is to ensure that each town, municipality, or school district establishes uniformity, in which it proposes, appropriates and spends public funds.
The statute also includes several definitions:
Appropriation – an amount of money set aside for a specific purpose by the (School Board)
Budget- a statement of recommended appropriations and anticipated revenues submitted to the voters for approval at an annual meeting
Purpose – the aim to be accomplished by the expenditure of a specific sum of money; a line on the budget form posted with the warrant
Special Warrant Article – any article on the warrant that is
- Submitted by petition
- Calls for an appropriation to be raised by the issuance of bonds or notes
- Calls for an appropriation to a separate fund (Special Education Trust, for example)
- Designated as a special article by the School Board or as a non-lapsing or nontransferable appropriation