22 Pa. Code § 18.3

Current through Register Vol. 54, No. 49, December 7, 2024

Section 18.3 - Definitions

The following words and terms, when used in this chapter, have the following meanings, unless the context clearly indicates otherwise:

Average daily membership- The final average daily membership of a school district as most recently determined by the Department in accordance with procedures established by the Secretary under section 2501(3) of the School Code (24 P.S. § 25-2501(3)).

Claim- The term as defined in section 602-A of the School Code (24 P.S. § 6-602-A)).

Deficit- The term as defined in section 602-A of the School Code.

Expenditures- The term as defined in section 602-A of the School Code.

Financial recovery school district- The term as defined in section 602-A of the School Code.

Fixed costs- Expenditures for utility services, insurance-general, communications, energy and debt service as defined in the Manual of Accounting and Related Financial Procedures for Pennsylvania School Systems.

Fund equity- The term as defined in section 602-A of the School Code.

Revenues- The term as defined in section 602-A of the School Code.

School Code- The Public School Code of 1949 (24 P.S. §§ 1-101-27-2702).

School district- The term as defined in section 602-A of the School Code.

Total annual expenditures-

(i) Reductions in fund equity (including current operating expenses that require the use of fund equity), debt service and capital outlays (including all governmental fund types and all proprietary fund types) as defined in the Manual of Accounting and Related Financial Procedures for Pennsylvania School Systems, excluding all fiduciary fund types of the school district.

(ii) The term does not include interfund transfers.

Unassigned fund balance- Amounts available for any purpose within the general fund only as defined in the Manual of Accounting and Related Financial Procedures for Pennsylvania School Systems.

22 Pa. Code § 18.3