School Board of Palm Beach County

RULE TITLE: Finance Committee.

RULE NUMBER: Policy 1.094.

PURPOSE AND EFFECT: To update the existing "Investment Committee Charter" (dated 4/12/99), governing the Finance Committee as an advisory committee to the Board.

SUMMARY: This proposed new policy is based on an update to the existing "Investment Committee Charter" (dated 4/12/99), to govern the Finance Committee as an advisory committee to the Board. This Policy is also similar to the recently-adopted Audit Committee Policy and CORC Policy.

SPECIFIC RULEMAKING AUTHORITY: §§ 1001.41(1), (2); 1001.43(10), Fla. Stat.

LAWS IMPLEMENTED: §§ 218.415; 1001.41(1); 1001.43(2), (10), Fla. Stat.

SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COST (OPTIONAL, IF ONE HAS BEEN PREPARED): None. Any person who wishes to provide information regarding a statement of estimated regulatory costs, or to provide a proposal for a lower cost regulatory alternative, must do so in writing within 21 days of the publication of this Notice.

TEXT OF PROPOSED RULE: Is available from the District's web at www.SchoolBoardPolicies.com/revisions.htm.

CONTACT PERSON: Leanne Evans, 3300 Forest Hill Blvd., West Palm Beach, FL 33406.

PERSON ORIGINATING THE PROPOSED RULE: Leanne Evans, et al.

SUPERVISOR OR PERSON WHO APPROVED THE PROPOSED RULE: Dr. Art Johnson.

DATE PROPOSED RULE WAS APPROVED BY THE SCHOOL BOARD: March 1, 2004.

PROPOSED RULE DEVELOPMENT NOTICE WAS PUBLISHED: February 16, 2004, in The Palm Beach Post.

PUBLIC HEARING NOTICE: Adoption of the proposed rule is anticipated to be considered at the School Board's Special Meeting on Policies on April 19, 2004, anticipated to begin at 5:00 p.m., in the Board Chambers at 3300 Forest Hill Blvd., West Palm Beach, Fla. The meeting is open to the public.