Alaska Administrative Code
Title 4 - Education and Early Development
Chapter 09 - State Support of Schools
Article 2 - School Operating Fund
4 AAC 09.160 - Fund balance

Universal Citation: 4 AK Admin Code 4 AAC 09.160

Current through November 28, 2024

(a) All money in the year-end fund balance of a district's school operating fund are subject to the 10 percent limit described in AS 14.17.505(a), except for money in the following five categories:

(1) encumbrances;

(2) inventory;

(3) prepaid expenses, which may including fuel;

(4) self-insurance;

(5) federal impact aid received
(A) in response to the application for impact aid submitted in the fiscal year that immediately preceded the current fiscal year; and

(B) on or after March 1 of the current fiscal year that was awarded as a result of applications that were submitted before the application for impact aid for the current fiscal year;

(6) unexpended annual student allotment money provided under AS 14.03.320(c).

(b) A district shall include in the report required under 4 AAC 06.121(5) (A) a schedule that identifies the amount of money in the categories listed in (a) of this section.

(c) For purposes of AS 14.17.505(a), "unreserved portion of the year-end fund balance of a school operating fund" means the portion of the fund balance remaining after the deduction of the items listed in (a) of this section.

Authority:AS 14.03.320

AS 14.17.505

AS 14.17.920

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