The Ocean Springs School District shall limit the expenditure of funds during the fiscal year to the resources available. The District will not budget expenditures from a fund in excess of the resources available within that fund. 

Furthermore, the District will not allow 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 Ocean Springs School Board, the Superintendent, or any 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 School Board 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 (2003)

The Superintendent or his/her designee, is hereby authorized and empowered to amend objects within major functions as may be necessary during the fiscal year.  The School Board shall approve amendments to such budget where major functions of revenues and expenditures are involved.

The Mississippi Public School Accountability Standard for this policy is Standard 10.
 

LEGAL REF.: MS CODE as cited

                 Mississippi Public School Accountability Standards

ADOPTED:    10/13/1987

REVISED:     12/13/2005

                      11/10/2009