Section R277-113-2 - Definitions(1) "Accrual basis of accounting" means a basis of accounting that records: (a) revenue when earned and expenses when incurred; and(b) transactions irrespective of the dates on which any associated cash flows occur.(2) "Administration" means: (a) an LEA superintendent or director;(b) a deputy or associate superintendent or director;(c) a business administrator or manager; or(d) another LEA educational administrator, designated staff, or a designated educational service provider.(3) "Arm's length transaction" means a transaction between two unrelated, independent, and unaffiliated parties or a transaction between two parties acting in their own self interest that is conducted as if the parties were strangers so that no conflict of interest exists.(4) "Cash" or "cash receipts" means cash, checks, credit cards, electronic payments via a website or a mobile payment application, or other items used for payment.(5) "Exclusive contract or arrangement" means an agreement requiring a buyer to purchase or exchange needed goods or services from one seller.(6) "GAAP" means Generally Accepted Accounting Principles or a common framework of accounting rules and standards for financial reporting promulgated by GASB.(7) "GAAS" means Generally Accepted Auditing Standards or a set of auditing standards and guidelines promulgated by the Auditing Standards Board of the American Institute of Certified Public Accountants.(8) "GAGAS" means Generally Accepted Government Auditing Standards or a set of auditing standards and guidelines promulgated by the Government Accountability Office.(9) "GASB" means the Governmental Accounting Standards Board whose purpose is to establish GAAP for state and local governments within the United States.(10) "Internal controls" means a process, implemented by an entity's governing body, administration, or other personnel, designed to:(a) provide reasonable assurance regarding the achievement of objectives in the following categories: (i) effectiveness and efficiency of operations;(ii) reliability of reporting for internal and external use; and(iii) compliance with applicable laws and regulations;(b) provide reasonable assurance regarding the achievement of the following objectives over state and federal awards: (i) proper recording and accounting for transactions, to: (A) permit the preparation of reliable financial statements and state and federal reports;(B) maintain accountability over assets; and(C) demonstrate compliance with state and federal statutes, regulations, and the terms and conditions of state and federal awards; and(ii) execution of transactions in compliance with:(A) state and federal statutes and regulations; and(B) the terms and conditions of state or federal awards; and(c) safeguard funds, property, and other against loss from unauthorized use or disposition.(11) "Modified accrual basis of accounting" means a basis of accounting, commonly used by government agencies, that recognizes revenues when they become available and measurable and recognizes expenditures when liabilities are incurred.(12) "Non-operating LEA" means an LEA that has not received minimum school program funds or federal funds and is not providing educational services during a fiscal year, such as an LEA in a start-up period.(13) "N-size" means the minimum size necessary to disclose or display data to ensure maximum student group visibility while protecting student privacy.(14) "Operating LEA" means an LEA that has received state minimum school program funds or federal funds and is providing educational services during a fiscal year.(15)(a) "Provided, sponsored, or supported by a school" has the same meaning as defined in Section R277-407-2.(b) "Provided, sponsored, or supported by a school" does not apply to non-curricular clubs specifically authorized and meeting the requirements of Sections 53G-7-704 through 53G-7-707.(16) "Public funds" has the same meaning as that terms is defined in Subsection 51-7-3(26).(17) "Title IX" refers to that portion of the United States Education Amendments of 1972 codified as 20 U.S.C. 1681 through 20 U.S.C. 1688.(18) "Utah Public Officers' and Employees' Ethics Act," means Title 67, Chapter 16, which provides standards of conduct for officers and employees of the state of Utah and its political subdivisions in areas where there are actual or potential conflicts of interest between public duties and private interests.Utah Admin. Code R277-113-2
Amended by Utah State Bulletin Number 2017-5, effective 2/7/2017Amended by Utah State Bulletin Number 2018-14, effective 6/22/2018Amended by Utah State Bulletin Number 2020-17, effective 8/12/2020Amended by Utah State Bulletin Number 2020-23, effective 11/10/2020Amended by Utah State Bulletin Number 2021-22, effective 11/8/2021Amended by Utah State Bulletin Number 2023-24, effective 12/11/2023Amended by Utah State Bulletin Number 2024-16, effective 8/7/2024