School Finance Resources
About the Budgeted Funds
School district accounting systems are organized and established on a fund basis. A fund is a self-balancing set of accounts used to track
the fiscal activity for a specific purpose or activity. Each fund must be accounted for separately so that its resources, obligations, revenue, and
expenditures are kept apart from other funds. Legal reference to fund accounting for schools can be found at 20-9-201, MCA.