Cal. Code Regs. tit. 5, § 18037 – Charging of Expenditures.

(a) Costs must be incurred during the contract period.
(b) Contractors shall not use current year contract funds to pay prior or future year obligations.
(c) The cost of the annual independent audit may be claimed either in the contract period which was the subject of the audit or during the contract period in which the audit is completed.

Reimbursement for net reimbursable program costs shall meet the following criteria:

Note: Authority cited: Sections 8261 and 8269, Education Code. Reference: Sections 8261 and 8269, Education Code.

1. New section filed 11-21-88; operative 1-1-89 (Register 88, No. 50).