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Chapter 14. School Finance. Subchapter 9. Criteria and Standards for County Office of Education Budgets and Interim Reports. Budget Review. Note: For fiscal responsibility of County Superintendents. Deficit Spending.   

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(a) Unrestricted deficit spending (total unrestricted expenditures and other financing uses is greater than total unrestricted revenues and other financing sources) as a percentage of total unrestricted expenditures and other financing uses, has not exceeded one-third of the county office's available reserves as a percentage of total expenditures and other financing uses in two out of three prior fiscal years.

(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 County School Service Fund and Special Reserve Fund for Other Than Capital Outlay Projects. Available reserves will be reduced by any negative ending balances in restricted resources in the County School Service Fund.

(2) A county office of education that serves as the AU of a SELPA may exclude from its expenditures the distribution of funds to its participating members.

Authority cited:

Education Code 1621

Education Code 1622

Education Code 1623

Education Code 33127

Education Code 33129

Reference:

Education Code 33128

(Amended by Register 2013, No. 49.)