FINANCIAL SECTION - School District U-46

CONTINGENCY, TUITION AND NON-CAPITALIZED EQUIPMENT.
Contingency includes an amount set-aside in the budget to provide for
items unforeseen items when the budget was developed. Tuition includes
expenditures to reimburse other educational agencies for services
rendered to students residing within the legal boundaries for our district.
Non-capitalized equipment includes items that would normally be
classified as capital assets except that they cost more than $500 but less
than the districts capitalization threshold.
EMPLOYEE BENEFITS. Employee benefits include amounts paid by the
district on behalf of employees. These amounts are not included in gross
salary, but are over and above it. Payments such as fringe benefits, while
not paid directly to employees, nevertheless are a part of the cost of
employees.
OTHER EXPENDITURES. Other expenditures includes those items that
are not recorded in any of the other objects.
PURCHASED SERVICES. Purchased services include amounts paid for
personal services rendered by personnel who are not on the district’s
payroll, and other services the district may purchase.
SALARIES. Salaries include amounts paid to permanent, temporary, or
substitute employees on the district’s payroll. This includes gross salary
for personal service rendered while on the payroll of the district.
SUPPLIES AND MATERIALS. Supplies and materials include amounts
paid for material items of an expendable nature that are consumed, worn
out, or deteriorated in use, or items that lose their identity through
fabrication or incorporation into different or more complex units or
substances.
PERFORMANCE BUDGET. A budget that is structured to allow for expenditure
analysis based upon measurable performance of predetermined objectives
established by each activity.
PERSONNEL, ADMINISTRATIVE. District personnel who are primarily engaged
in activities that have as their purpose the general regulation, direction, and
control of the affairs of the District. Administrative certification is required.
PERSONNEL, CLASSIFIED. District personnel occupying positions that have
as their major responsibilities the preparing, transferring, transcribing,
systematizing, and preserving of written communications. They also include
personnel engaged in the repairing and upkeep of grounds, buildings and
equipment, as well as support personnel whose positions do not require teaching
or administrative certification.
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