Policy Code: DBC-R

Adoption Date: Tuesday, May 17th, 2016

FINANCIAL CALENDARS

A. Calendar if a school system exceeds the certified tax rate: Policy Code: DBC-R

Adoption Date: Tuesday, May 17th, 2016

FINANCIAL CALENDARS

A. Calendar if a school system exceeds the certified tax rate:

Date Entity Action
By March 1 School District Notifies the county commission of the date, time, and place of its tax rate hearing and budget hearing. (59-9-15 (5) )
Before June 1 School District Superintendent files a tentative budget with the Board of Education. (53-20-1 (2) ) The tentative budget is placed on file with the business administrator for public inspection (at least 10 days prior to a public hearing). (53-20-2 (2b) )
Before June 1 County Assessor Delivers to the county auditor a statement showing the valuation of all taxable property in the school district. (59-5-6 (1) )
On or Before June 8 County Assessor Transmits to each school district the assessor's valuation statement, the district's certified tax rate, and forms for submitting a tax rate request. (59-2-803)
On or Before June 22 School District Adopts a tentative budget for the forthcoming year (59-5-6 (3) ) and adopts a proposed tax rate. (59-9-7)
School District Notifies the county auditor of its tax amount, including its intent to exceed the certified tax rate. (59-5-6-(3) )
Two weeks Prior to Budget Adoption School District Advertises its intent to fix its budget and also its intent to exceed its certified tax rate. (59-9-14) The advertisement shows the date, time and place of the tax rate hearing and of the budget hearing. (The hearings may be held jointly.) (59-9-15 (1) )
On or Before July 22 County Auditor By mail notifies all property owners of the school district's (and other taxing entities') intent to exceed the certified tax rate. (59-9-15 (2) )
At Least 10 Days Later (by 8/17) School District Holds a public hearing on the proposed tax rate, then adopts a resolution levying a rate. (59-9-15 (3) ) Holds a public hearing on its budget for the forthcoming year, then adopts the budget.
Before Aug. 17 School District Forwards its tax rate resolution to the county auditor. (59-9-10)
By Aug. 22 School District Submits its Uniform Budget Report (Form F-16) signed by the Superintendent, to the State Office of Education and the State Auditor.

If the budget is not adopted until after the beginning of the fiscal year, the school district may, until the hearing is held and final tax rates and a budget are adopted, expend moneys based (1) on its tentative budget after adoption, or (2) on its prior year's adopted final budget. (59-9-19)

B. Calendar if a school district does not exceed the certified tax rate:

Date Entity Action
By March 1 School District Notifies the county commission of the date, time, and place of its tax rate hearing and budget hearing. (59-9-15 (5) )
Before June 1 County Assessor Delivers to the county auditor a statement showing the valuation of all taxable property in the school district. (59-5-6 (1) )
On or Before June 8 County Auditor Transmits to each school district the assessors valuation statement, the district's certified tax rate, and forms for submitting a tax rate request. (59-5-6 (1) )
School District Determines that it will not exceed the certified rate, notifies the county auditor, cancels the previously scheduled hearing, and schedules a June hearing.
Before June 1 School District Superintendent files a tentative budget with the Board of Education. (53-20-1 (2) ) The tentative budget is placed on file with the business administrator for public inspection (at least 10 days prior to a public hearing). (53-20-2 (2b) ) A budget adoption meeting notice is published (one-week prior to the meeting). (53-20-2 (2a) ) A public hearing is held. (53-20-2 (2) )
Before June 22 School District Holds a meeting in which the Board adopts the budget for the upcoming fiscal year. (53-20-2 (1) )
By July 15 School District Submits the Uniform Budget Report signed by the superintendent, to the Utah State Office of Education and the State Auditor.