Responsibility for financial management of the University Place School District rests with the School Board and the Superintendent. 

However, the district's financial management is regulated by state law and supervised by the Superintendent of Public Instruction (OSPI). School districts must follow uniform guidelines for budgeting, accounting, and financial reporting practices.

These guidelines ensure consistent and comparable data for each of the state's school districts. The Washington State Auditor's Office (SAO) audits school district financial records for compliance with laws, guidelines, and general accounting practices.

Each school district develops and adopts its own budget prior to the beginning of each school year. The budget process is governed by state law, regulations, and instructions provided by the Superintendent of Public Instruction.