1. (a) Charter schools have the option of reporting their annual financial statements using an alternative form prescribed and amended periodically (to accommodate changes in statute or generally accepted accounting principles for government agencies) pursuant to Education Code section 42100. The alternative form shall be structured for electronic submission of data and is titled the Charter School Unaudited Actuals Financial Report -- Alternative Form (new 6/19/03) and is available at the following website address: http://www.cde.ca.gov/regulations.

   1. (1) Revenues. An accounting of all funds received during the preceding fiscal year, including identification of specific details within the major revenue categories of revenue limit sources, federal revenues, other state revenues, and other local revenues.
   2. (2) Expenditures. An accounting of all funds expended during the preceding fiscal year, including identification of specific details within the major expenditure categories of certificated salaries, non-certificated salaries, employee benefits, books and supplies, services and other operating expenses, capital outlay, and other outgo.

   3. (3) Other information. An accounting of additional information including beginning and ending fund balances, other sources and uses, assets, liabilities, and reserves.

      (b)(1) The reporting of financial data by charter schools that are established as governmental accounting entities shall reflect the definitions, and to the extent necessary for accurate financial reporting, the guidance provided in the California School Accounting Manual.

      (b)(2) The reporting of financial data by charter schools that are established as nongovernmental accounting entities shall reflect the definitions, and to the extent necessary for accurate financial reporting, the guidance provided in the California School Accounting Manual, except for accounting differences required due to their nonprofit status.

   The form shall include the following information:

Note: Authority cited: Section 33031, Education Code. Reference: Sections 1628, 41010 and 42100, Education Code.

History

1. New section filed 11-4-2003; operative 11-4-2003 pursuant to Government Code section 11343.4 (Register 2003, No. 45).