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§ 15449. Fund and Cash Balances.

5 CA ADC § 15449Barclays Official California Code of RegulationsEffective: March 13, 2024

Barclays California Code of Regulations
Title 5. Education
Division 1. California Department of Education
Chapter 14. School Finance* (Refs & Annos)
Subchapter 8. Criteria and Standards for School District Budgets and Interim Reports
Article 1. Budget Review
Effective: March 13, 2024
5 CCR § 15449
§ 15449. Fund and Cash Balances.
Currentness
(a) Budgeted beginning unrestricted general fund balance has not been overestimated for two out of three prior fiscal years by more than the following percentage levels:
1.7%
for districts with 0-300 ADA
1.3%
for districts with 301-1,000 ADA
1.0%
for districts with 1,001-30,000 ADA
0.7%
for districts with 30,001-250,000 ADA
0.3%
for districts with 250,001 and over ADA
(b) For purposes of this section, the percentage levels equate to a rate of deficit spending which would eliminate recommended reserves for economic uncertainties over a three year period.
(c) Projected general fund cash balance will be positive at the end of the current fiscal year.

Credits

Note: Authority cited: Sections 33127 and 33129, Education Code. Reference: Section 33128, Education Code.
History
1. New section filed 8-19-91; operative 7-1-91. Submitted to OAL for printing only and exempt from Government Code section 11343 under Education Code section 3313 (Register 92, No. 10).
2. Amendment filed 10-5-2000; operative 11-4-2000. Submitted to OAL for printing only pursuant to Education Code section 3313 (Register 2000, No. 40).
3. Repealer and new section filed 5-13-2008; operative 6-12-2008. Submitted to OAL for printing only pursuant to Education Code section 33131 (Register 2008, No. 20).
4. Amendment of section heading and subsection (a) and new subsection (c) filed 3-13-2024; operative 3-13-2024. Submitted to OAL for filing and printing only pursuant to Education Code section 33131 (Register 2024, No. 11).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 5, § 15449, 5 CA ADC § 15449
End of Document