Page 6 - School Finance Manual 2025-26

Budget Formula Construction 6

A school district budget is for the fiscal year from July The following is a schedule of the dates, publishing and
1 to June 30. Each school district must propose, adopt meeting notice requirements for Expenditure Budgets
and revise an expenditure budget according to the per Arizona Revised Statutes:
following chart.
FY26 School District Annual Expenditure Budget Submission and Publication Instructions on the Arizona Auditor General’s website found here.

Post Notice
Publishing Public Hearing and
Type of Budget of Public
Requirements Board Meeting
Hearing*
Proposed budget Propose call for public hearing On or before July 5 Yes

Adoption of proposed budget Publish proposed budget or summary and On or before Yes
(A.R.S. § 15-905 (C)) notice no later than 10 days prior to public July 15
hearing or post on the Arizona Depart-
ment of Education website.

September 15 budget revi- No (reminder: this revision only applies On or before Yes
sion (A.R.S. § 15-905 (Q)) if legislative change is enacted after September 15
budget forms are issued). Publish
public hearing agenda item 24 hours in
advance of the public meeting through
the normal board meeting notice loca-
tion.

December 15 budget revision Publish revised budget or summary and On or before
(A.R.S. § 15-905 (E)) notice no later than 10 days prior to December 15 Yes
public hearing or post on Arizona Depart-
ment of Education website.

Final budget revision; tuition No, however publish public hearing On or before Yes
revenues A.R.S. §15-905 (I); agenda item 24 hours in advance of the May 15
Impact Aid A.R.S. §15-905 public meeting through the normal board
(K) and (0) meeting notice location.

Any other elected budget No, however publish public hearing On or before Yes
revisions agenda item 24 hours in advance of the May 15
public meeting through the normal board
meeting notice location.

*Regular public hearing notice requirements for posting must be met.

The Expenditure Budget contains categories from which school districts can expend monies. These categories
(funds) fall into these major classifications:
• Maintenance and Operations • Bond Funds
• Unrestricted Capital Outlay • Agency Funds
• Classroom Site Fund • Fiduciary Funds
• Instructional Improvement Fund • Special Revenue Funds
• Special Projects (Federal/State)

Arizona Association of School Business Officials | School Finance Summary Manual