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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. Fund Balance.   

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(a) Budgeted beginning unrestricted county school service fund balance has not been overestimated for two out of three prior fiscal years by more than the following percentage levels:

1.7% for counties with total expenditures and other financing uses of less than $4,895,000.

1.3% for counties with total expenditures and other financing uses of $4,895,000 through $12,235,999.

1.0% for counties with total expenditures and other financing uses of $12,236,000 through $55,064,000.

0.7% for counties with total expenditures and other financing uses of over $55,064,000.

(b) For purposes of this section, the following shall apply:

(1) 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.

(2) Percentage levels equate to a rate of deficit spending which would eliminate recommended reserves for economic uncertainties over a three year period.

(3) The dollar amounts are to be adjusted annually by the prior year statutory cost-of-living adjustment calculated pursuant to Education Code section 2557, rounded to the nearest thousand.

Authority cited:

Education Code 1621

Education Code 1622

Education Code 1623

Education Code 33127

Education Code 33129

Reference:

Education Code 2557

Education Code 33128

(Amended by Register 2013, No. 49.)