Budget Committee
a. Scope: Precise tasks to be performed by Committee: 1. Use STEM Magnet Academy’s mission/vision and CIWP for all budget planning 2. Monitor STEM Magnet Academy’s spending through a thorough review of monthly spending reports 3. Review STEM Magnet Academy’s internal accounts and bank statement activity b. Duration: The Budget committee is a standing committee of the LSC c. LSC Responsibilities 1. Approve or reject STEM Magnet Academy’s annual budget as proposed 2. Approve or reject expenditures over $1000 d. Product LSC seeks from the committee 1. Copies of all budgets produced by STEM Magnet Academy administration 2. Copies of any monthly statements or reconciliations produced by STEM Magnet Academy’s administration e. Documents /Information required by committee to accomplish above:
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