2007 California Education Code Article 1. Control Of Expenditures

CA Codes (edc:42600-42604)

42600.  The total amount budgeted as the proposed expenditure of the
school district for each major classification of school district
expenditures listed in the school district budget forms prescribed by
the Superintendent of Public Instruction shall be the maximum amount
which may be expended for that classification of expenditures for
the school year.  Transfers may be made from the designated fund
balance or the unappropriated fund balance to any expenditure
classification or between expenditure classifications at any time by
written resolution of the board of education of any school district
governed by a board of education, when filed with the county
superintendent of schools and the county auditor, or by written
resolution of the board of trustees of any school district not
governed by a board of education, when approved by the county
superintendent of schools and filed with the county auditor.  A
resolution providing for the transfers specified in this section
shall be approved by a majority vote of the members of the governing
board.  Nothing in this section shall be construed as affecting
Sections 42204 and 85112.



42601.  At the close of any school year a school district may, with
the approval of the governing board, identify and request the county
superintendent of schools to make the transfers between the
designated fund balance or the unappropriated fund balance and any
expenditure classification or classifications, or balance any
expenditure classifications of the budget of the district for that
school year as necessary to permit the payment of obligations of the
district incurred during that school year.  For each elementary, high
school, and unified school district that, during the preceding
school year, had an average daily attendance less than the level, as
appropriate, specified in subdivision (a) of Section 41301, the
county superintendent of schools, with the consent of the governing
board of the school district, may identify and make the transfers,
and shall so notify the districts.



42602.  Notwithstanding the provisions of Sections 42600 and 42610
or any provision of this code to the contrary, the governing board of
any school district may, by a majority vote of its membership, and
with the approval of the county superintendent of schools, budget and
use any unbudgeted income provided during the fiscal year from any
source.



42603.  The governing board of any school district may direct that
moneys held in any fund or account may be temporarily transferred to
another fund or account of the district for payment of obligations.
The transfer shall be accounted for as temporary borrowing between
funds or accounts and shall not be available for appropriation or be
considered income to the borrowing fund or account.  Amounts
transferred shall be repaid either in the same fiscal year, or in the
following fiscal year if the transfer takes place within the final
120 calendar days of a fiscal year.  Borrowing shall occur only when
the fund or account receiving the money will earn sufficient income,
during the current fiscal year, to repay the amount transferred.  No
more than 75 percent of the maximum of moneys held in any fund or
account during a current fiscal year may be transferred.



42604.  Notwithstanding any other provisions of law, the computation
of reimbursement for the costs of attendance specified in
contractual agreements through which educational services are
provided by other than the district or county in which a pupil
resides shall be based on the revenue per average daily attendance
received by the school district or county in which the pupil resides
rather than the computed revenue limit or foundation program per
average daily attendance of the district or county of residence.