1. (a) Budgeted beginning unrestricted county school service fund balance has not been overestimated for two out of three prior fiscal years by more than the following percentage levels:

   1.7% for counties with total expenditures and other financing uses of less than $7,073,000.

   1.3% for counties with total expenditures and other financing uses of $7,073,000 through $17,684,999.

   1.0% for counties with total expenditures and other financing uses of $17,685,000 through $79,581,000.

   0.7% for counties with total expenditures and other financing uses of over $79,581,000.

2. (b) For purposes of this section, the following shall apply:

   1. (1) A county office of education that serves as the AU of a SELPA may exclude from its expenditures the distribution of funds to its participating members.
   2. (2) Percentage levels equate to a rate of deficit spending which would eliminate recommended reserves for economic uncertainties over a three year period.
   3. (3) The dollar amounts are to be adjusted annually by the prior year statutory cost-of-living adjustment calculated pursuant to Education Code section 2574, rounded to the nearest thousand.
3. (c) Projected county school service fund cash balance will be positive at the end of the current fiscal year.

Note: Authority cited: Sections 1621, 1622, 1623, 33127 and 33129, Education Code. Reference: Sections 2574 and 33128, Education Code.

History

1. 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). For prior history, see Register 2001, No. 38.

2. Amendment of subsections (a) and (b)(3) and amendment of Note filed 12-4-2013; operative 12-4-2013. Submitted to OAL for printing only pursuant to Education Code section 33131 (Register 2013, No. 49).

3. Amendment of section heading and subsections (a) and (b)(3), new subsection (c) and amendment of Note 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).