Statutes, codes, and regulations
California Code Of Regulations
Title 5 - EducationDivision 1 - California Department of EducationChapter 14 - School Finance*Subchapter 8 - Criteria and Standards for School District Budgets and Interim Reports
Article 2 - Interim Report Review
Section 15455 - Reserves

Cal. Code Regs. tit. 5 § 15455

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Current through Register 2024 Notice Reg. No. 50, December 13, 2024
Section 15455 - Reserves
(a) Available reserves for any of the current fiscal 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 districts with 0-300 ADA

the greater of 4% or $80,000 for districts with 301-1,000 ADA

3% for districts with 1,001-30,000 ADA

2% for districts with 30,001-250,000 ADA

1% for districts with 250,001 and over ADA

(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 General Fund and the Special Reserve Fund for Other Than Capital Outlay Projects. Available reserves will be reduced by any negative ending balances in restricted resources in the General Fund.
(2) A school district 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 (Education Code section 42238.02), rounded to the nearest thousand.

Cal. Code Regs. Tit. 5, § 15455

Note: Authority cited: Sections 33127, 33128, 33129 and 33131, Education Code. Reference: Sections 33128, 42238.02 and 42238.03, Education Code.

Note: Authority cited: Sections 33127, 33128, 33129 and 33131, Education Code. Reference: Sections 33128 and 42238, Education Code.

1. New section filed 5-13-2008; operative 6-12-2008. Submitted to OAL for printing only pursuant to Education Code section 33131 (Register 2008, No. 20). For prior history, see Register 2000, No. 40.
2. Amendment of subsections (b)(1) and (b)(3) filed 12-4-2013; operative 12-4-2013. Submitted to OAL for printing only pursuant to Education Code section 33131(Register 2013, No. 49).
3. 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).