Manual - Transcript

-6- shall not proceed to make any expenditures for new expenses, purchase of property, etc., without authority from the Board. (f) In case any work is partially supported by receipts upon the field, these receipts shall be carefully estimated and stated. The total estimated cost shall as also be stated. Only that amount necessary to make up the difference between cost and field receipts shall be asked for from the Board. It will not be feasible for the Board to make additional appropriations for such work, toward the close of the fiscal year, on representations that estimated field receipts have fallen below expectations. However, the usual privilege will apply, that transfers of unused appropriations for other items in the appropriations may be made up to the end of the fiscal year. (g) If the accounts for any such work at the close of the fiscal year show a deficit, this must be reported and must either be made a first charge against the funds available in the new fiscal year, or must be covered by savings reported by the Mission Business Manager in a statement of explanation which he shall forward to the Board with the Annual Report. Should the actual receipts exceed the estimated receipts the gain shall accrue to the Treasury of the Board, save that when the excess is due to an unforeseen enlargement of the work, due, for example, to more paying students in the school, it shall be allowable to apply so much of the excess as is necessary to meet the increased cost of the work due to this enlargement. But this shall not be understood to entail upon the Board any obligation to increase grants from its Treasury for the work.

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