Legal Resources | Title 5 | 15473
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.
(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.)