3390.00 | Declaration of Financial Emergency

This section and related Board policies shall apply in the instance of a financial emergency. However, any subsequently enacted statue or amendment to existing statutes shall supersede this policy as well as all other related policies, procedures, and forms.

 The Board of Trustees is dedicated to sound and efficient financial management. Recognizing the limitations and fluctuations on funding and the potential negative impact on the District’s fiscal status due to historical revenue and/or expenditure actions, the District must take specific action to ensure education remains the primary goal and responsibility of the District. In the event that the financial situation of the District necessitates such action, the Board will consider a declaration of financial emergency.

 Prior to declaring a financial emergency, the Board shall hold a public meeting for the purpose of receiving input concerning possible solutions to the financial problems facing the school district. [Idaho Code 33-522, 33-801]