The fiscal year is defined as beginning on the first day of July and ending on the thirtieth day of June following.
The school district
treasurer is not permitted to honor any invoices against the school district
that are in excess of the income and revenue appropriated for the school
district for the school year beginning on the first day of July and ending on
the thirtieth day of June following, except as may be authorized by a deficit
or supplemental appropriation by the school district or by the State Board of
Education as authorized by