Cal. Code Regs. tit. 5 § 15449

Current through Register 2024 Notice Reg. No. 45, November 8, 2024

Section 15449 - Fund and Cash Balances

(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.

Cal. Code Regs. Tit. 5, § 15449

Note: Authority cited: Sections 33127 and 33129, Education Code. Reference: Section 33128, Education Code.

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).