New York Codes, Rules and Regulations
Title 8 - EDUCATION DEPARTMENT
Chapter II - Regulations of the Commissioner
Subchapter L - Finance
Part 175 - State Aid
Section 175.15 - Expenditures for purposes of computation of state aid
Universal Citation: 8 NY Comp Codes Rules and Regs ยง 175.15
Current through Register Vol. 46, No. 12, March 20, 2024
(a) For purposes of the computation of State aid, the definitions of expenditures and accrued revenues shall be those set forth in the Uniform System of Accounts formulated by the State Comptroller.
(b) Such expenditures shall include, but shall not be limited to, cash disbursement, accounts payable, accrued liabilities, and social security obligations.
(c) Such expenditures shall not include:
(1) payments due to the New York State
Teachers' Retirement System;
(2)
payments due to the New York State Employees' Retirement System;
(3) encumbrances, as defined in the Uniform
System of Accounts; and
(4) any
other items specifically excluded by the State Comptroller.
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