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. Salaries and Benefits.
Projected ratio of total unrestricted salaries and benefits to total unrestricted general fund expenditures for any of the budget year or two subsequent fiscal years has not changed from the historical average ratio from the three prior fiscal years by more than the greater of three percent or the district's required reserves percentage.
For purposes of this section, it is likely that for many districts the 2014-15 and 2015-16 change from the historical average ratio will exceed the standard because certain revenues that were restricted prior to the LCFF are now unrestricted within the LCFF.
Education Code 33127
Education Code 33129
Education Code 33128
(Amended by Register 2013, No. 49.)