Budget and Stipend Committee Sample Clauses

Budget and Stipend Committee. The Budget and Stipend Committee consisting of Employees and in consultation with the Principal shall discuss and determine the distribution of stipends for services provided outside and during the normal instructional day. The Budget and Stipend Committee shall develop a process for soliciting from the Faculty ideas and requests for stipend-eligible work and a methodology by which such stipend requests will be evaluated and awarded. At the start of each school year, the School’s Budget and Stipend Committee, in consultation with the School’s Principal, shall prepare an annual budget for services provided both inside and outside of the instructional day and submit it for consideration and approval to the School’s Board of Trustees. The Committee’s budget for stipends for a school year shall be presented to the Board for approval no later than September 30th of each school year. The Budget and Stipend Committee shall meet by May 1st of each year to review the school’s proposed budget and make recommendations to the Board regarding budget allocations for the following school year. The Budget and Stipend Committee shall receive a copy of the Board’s approved budget no later than September 1st of each school year.
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