The county superintendent of schools may, with the approval of the county board of supervisors, establish in the County School Service Fund Budget, a Petty Theft Fine Fund pursuant to Penal Code Section 490.5(d). Allocation of such funds shall be made by the county superintendent to school districts submitting project applications for educational programs providing counseling or other educational services designed to discourage shoplifting, theft, and burglary. The county superintendent shall review the project applications to ensure that the proposed use of such funds shall be for newly developed programs which supplement rather than supplant existing programs. A portion of the Petty Theft Fine Fund may be retained by the county superintendent for necessary costs of administration. A district shall budget and account for the use of Petty Theft Fine Fund income separately within the general fund of the district.