Budget Amendments

  • The legal budget is adopted annually by the board of trustees at the Fund Code and Function Code level and must be adopted prior to the start of the fiscal year.  The legally adopted budget is to be formally amended by the board of trustees prior to incurring an expenditure that would cause year-to-date actual expenditures at the Fund Code and Function code level to exceed amounts authorized in the adopted budget for the current fiscal year of the amended adopted budget.