DBG Budget Adoption Procedures
WhenBUDGET ADOPTION PROCEDURES
Adoption of the RSU 1annual budget is presentedto forbe approvalaccomplished prior to June 30 for the next fiscal year beginning July 1,1.
The proposed budget shall include, in addition to operating expenses and expected income for the ensuing year, the sums required for meeting bonds falling due, interest on the bonds and on other obligations, rentals and other fixed charges. TheseThe proposalsproposed budget shall be thoroughly explained and the citizenspublic shall be given an opportunity to be heard.
AOnly regionalthose schoolamounts unitpertaining to operating expenses, reserve or contingency funds, or capital outlay expenditures shall hold a regional school unit budget meeting
at a time it determines.
Following the approval of the budget at a regional school unit budget
meeting, a referendum must be held in the regional school unitsubject to allow
voters to validate or reject the total budget adopted at the regional
school unit meeting.
If the voters do not validate the budget approved in the regional school
unit budget meeting, the regional school unit board shall hold another
regional school unit budget meeting at least 10 days after the
referendum to vote on a revised budget approvedchange by the regional school
unit board.
The approved budget must then be presented to the public for validation.
The process must be repeated until a budget is approved at a budget
meeting and validated at referendum.
If a budget for the operation of a regional school unit is not approved
prior to July 1^st^, the latest budget approved at a budget meeting and
validated at referendum is automatically considered the budget for
operational expenses for the ensuing year until a final budget is
approved.voters.
Legal Reference: Title 20-A, MRSC, Chapter 103-A, Subchapter 4MRSA §1482§ 1304 et. seq., 15617 et seq.
Adopted: April 13, 1992
Revised: December 13, 1993, October 12, 1994
Reviewed and Adopted: May 8, 2006
Revised: January 23, 20122012; December 12, 2022