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Chapter 14. School Finance Subchapter 8. Criteria And Standards For School District Budgets And Interim Reports Article 2. Interim Report Review Other Revenues and Expenditures   

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(a) Projected operating revenues (including federal, other state and other local) or expenditures (including books and supplies, and services and other operating) for any of the current fiscal year or two subsequent fiscal years, have not changed by more than five percent since budget adoption.

(b) Changes that exceed five percent in any major object category must be explained.

(c) For purposes of this section, first interim reports will be compared to adopted budgets; second interim reports will be compared to first interim projections.

Authority cited:

Education Code 33127

Education Code 33129

Education Code 42131

Reference:

Education Code 33128

(Amended By Register 2008,No .20.)