La. Admin. Code tit. 28 § CXXXIX-2503
Current through Register Vol. 50, No. 11, November 20, 2024
Section CXXXIX-2503 - BudgetingA. All charter operators shall comply with the provisions of the Louisiana Local Government Budget Act, R.S. 39:1301 through 1315.B. Charter operators shall budget on a fiscal year basis, July 1-June 30.C. Type 4 charter operators shall annually submit a budget to the Superintendent of Education in accordance with the provisions of R.S. 17:88. Each type 2 charter school, type 5 charter school, and each type 3B charter school acting as its own LEA shall annually submit its budget directly to the superintendent of education in accordance with deadlines established by the department.D. Each charter operator shall submit its budget and all related documents on forms required by the department and shall comply with Bulletin 1929-Louisiana Accounting and Uniform Governmental Handbook.1. The revenues/receipts and expenditures/ disbursements in the charter operator's budget shall be listed and classified in such manner and substance as prescribed by the department, and shall detail as nearly as possible the items of expected revenue/receipts and expenditures/ disbursements, the total of which shall not exceed the expected means of financing composed of the beginning fund balance, cash balances, and revenues/receipts.2. If, during the course of the fiscal year, it becomes evident that receipts or disbursements will vary substantially from those budgeted, the charter operator shall prepare and adopt, in like form, manner, and substance, an amended budget as prescribed by the department.E. The charter operator shall maintain records in a manner to reflect compliance with generally accepted accounting principles.La. Admin. Code tit. 28, § CXXXIX-2503
Promulgated by the Board of Elementary and Secondary Education in LR 34:1372 (July 2008), amended LR 39:3252 (December 2013).AUTHORITY NOTE: Promulgated in accordance with R.S. 17:6(A)(10), R.S. 17:3981, and R.S. 17:3995.