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§ 15449. Fund Balance.

5 CA ADC § 15449BARCLAYS OFFICIAL CALIFORNIA CODE OF REGULATIONS

Barclays Official California Code of Regulations Currentness
Title 5. Education
Division 1. California Department of Education
Chapter 14. School Finance [FNA2]
Subchapter 8. Criteria and Standards for School District Budgets and Interim Reports
Article 1. Budget Review
5 CCR § 15449
§ 15449. Fund Balance.
(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 30,001-400,000 ADA
0.3%
for districts with 400,001 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.
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).
This database is current through 3/20/20 Register 2020, No. 12
5 CCR § 15449, 5 CA ADC § 15449
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