NAC387.605. Purposes of Charter School and University School for Profoundly Gifted Pupils Budget and Finance Regulations.

     1. The purposes of NAC 387.600 to 387.780, inclusive, are:

     (a) To establish standard methods and procedures for the preparation, presentation, adoption and administration of budgets of all charter schools and university schools for profoundly gifted pupils.

     (b) To enable charter schools and university schools for profoundly gifted pupils to make financial plans for programs of both current and capital expenditures and to formulate fiscal policies to accomplish these programs.

     (c) To provide for estimation and determination of revenues and expenditures.

     (d) To provide for the control of revenues, expenditures and expenses in order to promote prudence and efficiency in the expenditure of public money.

     (e) To provide specific methods enabling the public, taxpayers and investors to be apprised of the financial preparations, plans, policies and administration of all charter schools and university schools for profoundly gifted pupils.

     2. For the accomplishment of these purposes, the provisions of NAC 387.600 to 387.780, inclusive, must be broadly and liberally construed.

     (Added to NAC by Bd. of Education by R026-09, eff. 10-27-2009)