Statutes, codes, and regulations
California Code Of Regulations
Title 5 - EducationDivision 1 - California Department of EducationChapter 14 - School Finance*Subchapter 9 - Criteria and Standards for County Office of Education Budgets and Interim Reports
Article 1 - Budget Review
Section 15474 - Reserves

Cal. Code Regs. tit. 5 § 15474

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Current through Register 2024 Notice Reg. No. 50, December 13, 2024
Section 15474 - Reserves
(a) Available reserves for any of the budget year or two subsequent fiscal years are not less than the following percentages or amounts as applied to total expenditures and other financing uses:

the greater of 5% or $80,000 for counties with total expenditures and other financing uses of less than $7,073,000.

the greater of 4% or $354,000 for counties with total expenditures and other financing uses of $7,073,000 through $17,684,999.

the greater of 3% or $707,000 for counties with total expenditures and other financing uses of $17,685,000 through $79,581,000.

the greater of 2% or $2,387,000 for counties with total expenditures and other financing uses of over $79,581,000.

(b) For purposes of this section, the following shall apply:
(1) Available reserves are the unrestricted amounts in the Reserve for Economic Uncertainties, the Stabilization Arrangement, and the Unassigned/Unappropriated accounts in the County School Service Fund and Special Reserve Fund for Other Than Capital Outlay Projects. Available reserves will be reduced by any negative ending balances in restricted resources in the County School Service Fund.
(2) 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.
(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.

Cal. Code Regs. Tit. 5, § 15474

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

Note: Authority cited: Sections 1621, 1622, 1623, 33127 and 33129, Education Code. Reference: Sections 2557 and 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 9-19-2001; operative 9-19-2001. Submitted to OAL for printing only pursuant to Education Code section 33131 (Register 2001, No. 38).
3. Amendment 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 subsections (b)(1) 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).
5. Amendment of subsections (a), (b)(1), (b)(3) and 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).