The financial records and statements of the Ocean Springs School District will be kept and presented in accordance with generally accepted accounting principles and the recommendations and procedures outlined in the Mississippi Public School District Financial Accounting Manual, July 1, 1992, as amended.

The State Department of Education is hereby authorized and directed to prescribe and formulate for use by all school districts of this state, including municipal separate school districts, adequate accounting systems and other essential financial records which shall be uniform for all of the school districts of this state.  Such uniform system shall include a method of accounting for and keeping records of all funds received, handled and disbursed by such school district, whether derived from taxation or otherwise, including funds derived from donations, athletic events and other special activities of the school district.  The uniform system of accounts so prescribed and formulated by the State Department of Education shall be distributed and disseminated to all of the school districts of this state and it shall be mandatory that the boards of trustees of all such school districts install, utilize and follow said uniform system of accounts in keeping the financial records of the school district.  At the request of the Mississippi Department of Education, the Office of the State Auditor shall provide advice for implementation of this section.   ' 37-37-1 (2006)

The Mississippi  Public School Accountability Standards for this policy are Standards 7 and 10.
 

LEGAL REF.: MS CODE as cited

                 Mississippi Public School Accountability Standards

ADOPTED:    07/13/1976

REVISED:    08/13/1986

                    12/13/2005

                    12/12/2006 

                    11/10/2009