Cal. Code Regs. tit. 5 § 17346
The moneys deposited to the credit of the county school service fund which remain in expendable trust accounts established for the purposes specified in an agreement with the donor or grantor, and not contemplated to be expended from the county school service fund during the budget year, shall not be considered by the Superintendent of Public Instruction as available for meeting the needs of the current year. On or before July 10, the county superintendent of schools shall file a report with the Superintendent of Public Instruction indicating the nature of such expendable trust accounts, the purposes for which the moneys are to be expended, the unexpended portion remaining from previous receipts, the amount expended for the preceding year, and the amount proposed for expenditure during the budget year.
Gifts, grants, and contributions received which are not restricted for specific purposes shall be considered available for meeting the needs of the current year.
Cal. Code Regs. Tit. 5, § 17346