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. 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 counties with total expenditures and other financing uses of less than $4,895,000.
the greater of 4% or $245,000 for counties with total expenditures and other financing uses of $4,895,000 through $12,235,999.
the greater of 3% or $489,000 for counties with total expenditures and other financing uses of $12,236,000 through $55,064.000.
the greater of 2% or $1,652,000 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) 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.
(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.
Education Code 1621
Education Code 1622
Education Code 1623
Education Code 33127
Education Code 33129
Education Code 2557
Education Code 33128
(Amended by Register 2013, No. 49.)