W. Va. Code R. § 126-85-80
Current through Register Vol. XLI, No. 49, December 6, 2024
Section 126-85-80 - Excess Balance: Net Cash Resources80.1. The WVDE shall review annually the net cash resources reported by the SFAs. If the net cash resources exceed three months normal operating costs then: a justification letter must be filed with the WVDE stating a short term plan of action for use of the funds; or adjustments in the rates of reimbursement shall be made until the net cash resources of the SFA are reduced to the required level. 80.2. If net cash resources are reflected as a negative amount, a justification must be filed with the WVDE along with the CNP Annual Report. 80.3. The SFA shall review annually the operating balance reported by the schools under its jurisdiction. W. Va. Code R. § 126-85-80