700 Policies: Fiscal Management

The policies in this section outline district financial processes and procedures.

701: Establishment And Adoption Of School District Budget

The purpose of this policy is to establish lines of authority and procedures for the establishment of the School District's revenue and expenditure budgets.

Download the PDF for the complete policy. 

701.1: Modification of School District Budget

It is the policy of this school district to modify its revenue and expenditure budgets in accordance with the applicable provisions of law.

702: Fiscal Accounting And Reporting System

The purpose of this policy is to adopt the Uniform Financial Accounting and Reporting Standards.

Download the PDF for the complete policy. 

703: Annual Audit

The purpose of this policy is to provide for an annual audit of the books and records of the School District in order to comply with law, to provide a permanent record of the School Districts financial position and to provide guidance to the District when correcting errors and discrepancies is necessary.

Download the PDF for the complete policy. 

704: Development and Maintenance of an Inventory of Fixed Assets and a Fixed Asset Accounting System

The purpose of this policy is to provide for the development and maintenance of an inventory of the fixed assets of the School District and the establishment and maintenance of a fixed asset accounting system.

705: Depository Of Funds And Investments

The purpose of this policy is to establish guidelines for revenue generation, revenue management and the investment of School District funds.

Download the PDF for the complete policy. 

707: Student Transportation Services

The purpose of this policy is to ensure that all students riding a school bus receive a safe, comfortable and orderly ride to and from school.

Download the PDF for the complete policy. 

711: School Bus Video Camera

The purpose of this policy is to safeguard student privacy while providing for their safety and security.

Download the PDF for the complete policy. 

714: Financial Management Goals: Unassigned Fund Balance

The purpose of this policy is to establish the terms and maintenance of the general fund's unassigned fund balance, to create new fund balance classifications, to allow for more useful fund balance reporting, and for compliance with the reporting guidelines specified in Statement No. 54 of the Governmental Accounting Standards Board (GASB)

Download the PDF for the complete policy. 

721: Uniform Grant Guidance Policy Regarding Federal Revenue Sources

The purpose of this policy is to ensure compliance with the requirement of the federal Uniform Grant Guidance regulations by establishing uniform administrative requirements, cost principles, and audit requirements for federal grant awards received by the School District.

 Download the PDF for the complete policy

750: Copyright Policy

The Hopkins School District shall operate in full compliance with the provisions of current copyright laws and Congressional guidelines. Employees and students are to adhere to all provisions of Title 17 of the United States Code, entitled “Copyrights,” and other relevant federal legislation and guidelines related to the duplication, retention, and use of copyrighted materials.

Employees and students of the Hopkins School District are responsible for conducting themselves in a manner consistent with the spirit and intent of the District Copyright Policy.

Download the PDF for the complete policy.

751: Free Admissions: Life-Time Passes

Employees who have completed 25 years of service to the District will be eligible for life-time passes to school activities. The Board will also grant passes to persons who have made significant contributions to the School District. District residents 62 years of age and older will be granted lifetime passes upon request to the administration office. Passes will be honored for all activities except drama, hockey, and certain tournaments and events that are not sponsored by the District or which are jointly sponsored by the District and others.

Download the PDF for the complete policy. 

752: Purchasing

All purchases for Independent School District 270 will conform to applicable Minnesota Statutes relating to bidding, contracting, and purchasing.

Download the PDF for the complete policy. 

754: Salary Deductions: Tax Sheltered Annuities/Deferred Compensation

Any employee of the School District may allocate a portion of salary for the purchase of an individual or group voluntary tax sheltered retirement income annuity through payroll deduction, subject to established rules and regulations.

Download the PDF for the complete policy.