It shall be the duty of the superintendents and the Board of Trustees to limit the expenditure of school funds during the fiscal year to the resources available. It shall be unlawful for any school district to budget expenditures from a fund in excess of the resources available within that fund.
Furthermore, it shall be unlawful for any contract to be entered into or any obligation incurred or expenditure made in excess of the resources available for such fiscal year.
Any member of the Board of Trustees, superintendent, or other school official, who knowingly enters into any contract, incurs any obligation, or makes any expenditure in excess of the amount available for the fiscal year shall be personally liable for the amount of such excess.
However, no Board of Trustees member, superintendent or other school official shall be personally liable (a) in the event of any reduction in adequate education program payments by action of the Governor, or (b) for claims, damages, awards or judgments, on account of any wrongful or tort action or omission or breach of implied term or condition of any warranty or contract; provided, however, that the foregoing immunity provisions shall not be a defense in cases of fraud, criminal action or an intentional breach of fiduciary obligations imposed by statute. § 37-61-19
The superintendent is hereby authorized and empowered to amend objects within major functions as may be necessary during the fiscal year.
The Board of Trustees shall approve a budget for the school district. The Board of Trustees shall approve amendments to such budget where major functions of revenues and expenditures are involved. The Board of Trustees should authorize the superintendent to amend objects within major functions as may be necessary during the fiscal year.
LEGAL REF.: MS CODE as cited
Mississippi Public School Accountability Standards (2003)
CROSS REF.: Policies ABA C Authority
DCI C Line Item Transfer Authority