1. (1) An LEA may reallocate funds for flexible uses as described in Section 53F-2-209.

2. (2) An LEA that makes flexible adjustments as described in Subsection (1) shall report accounting transactions and adjust entries utilizing the Board approved chart of accounts, including:

   1. (a) a dedicated program code;
   2. (b) dedicated other financing codes for program transfers of state restricted funds; and
   3. (c) expenditure details, if applicable.

3. (3) An LEA that makes flexible adjustments under this section shall ensure that the LEA continues to meet:

   1. (a) federal maintenance of effort requirements; and
   2. (b) other state or federal requirements on restricted funding, including requirements for program-specific effort, matching, and equity.
4. (4) The Superintendent shall publish online a list of eligible state restricted programs meeting requirements of Section 53F-2-209 no later than May 30 of each year.

KEY: school sponsored activities, public funds, fiscal policies and procedures, audit committee

Date of Last Change: July 8, 2025

Notice of Continuation: September 9, 2021

Authorizing, and Implemented or Interpreted Law: Art X, Sec 3; 53E-3-401(4); 53E-3-501(1)(e)