Chapter 14. School Finance. Subchapter 8. Criteria and Standards for School District Budgets and Interim Reports. Budget Review. Note: For fiscal responsibility of County Superintendents. Reserves.
(a) Available reserves for any of the budget year or two subsequent fiscal years are not less than the following percentages or amounts as applied to total expenditures and other financing uses:
the greater of 5% or $55,000 for districts with 0-300 ADA
the greater of 4% or $55,000 for districts with 301-1,000 ADA
3% for districts with 1,001-30,000 ADA
2% for districts with 30,001-400,000 ADA
1% for districts with 400,001 and over ADA
(b) For purposes of this section, the following shall apply:
(1) Available reserves are the unrestricted amounts in the Reserve for Economic Uncertainties and the Unassigned/Unappropriated accounts in the General Fund and the Special Reserve Fund for Other Than Capital Outlay Projects. Available reserves will be reduced by any negative ending balances in restricted resources in the General Fund.
(2) A school district that serves as the AU of a SELPA may exclude from its expenditures the distribution of funds to its participating members.
(3) The dollar amounts are to be adjusted annually by the prior year statutory cost-of-living adjustment (Education Code section 42238), rounded to the nearest thousand.
Education Code 33127
Education Code 33129
Education Code 33128
Education Code 42238
(Amended by Register 2013, No. 49.)