Oregon Administrative Rules
Chapter 581 - OREGON DEPARTMENT OF EDUCATION
Division 23 - SCHOOL FINANCE
Section 581-023-0041 - Computation of Net Operating Expenditures
Current through Register Vol. 63, No. 9, September 1, 2024
(1) The computation of "net operating expenditures" under ORS 327.006 shall be made as follows, using accounts as herein defined for the General Fund and subject to such items of exclusion as are stated in this rule.
(2) The following expenditure items are excluded from the computation:
(3) Approved expenditures by function/object used in the computation shall be restricted to the General Fund:
(4) Approved function and object codes used in the computation are defined in the Program Budgeting and Accounting Manual, published by the Oregon Department of Education.
(5) Questions regarding approvable items in the administration of this rule shall be resolved by the State Superintendent of Public Instruction and the Superintendent's determination shall be final.
(6) The provisions of this administrative rule shall apply to all statutory references to 'net operating expenditures'. Any change made in the accounting system by the State Board of Education shall be reflected by corresponding adjustments in functions and object codes stated in the rule.
Publications: Publications referenced are available from the agency.
Stat. Auth.: ORS 327.125
Stats. Implemented: ORS 327.006(6) & 327.008