Utah Administrative Code
Topic - Education
Title R277 - Administration
Rule R277-420 - Aiding Financially Distressed School Districts
Section R277-420-3 - Eligibility
Universal Citation: UT Admin Code R 277-420-3
Current through Bulletin 2024-06, March 15, 2024
(1) A school district may qualify as financially distressed if the district:
(a) has a deficit of three percent or more in
its year end unappropriated maintenance and operation fund balance following a
reduction for any amount in an undistributed reserve;
(b) is unable to meet its financial
obligations in a timely manner;
(c)
is unable to reduce the maintenance and operation deficit by 25 percent in its
budget for the next year;
(d) can
demonstrate that it has made reasonable, local efforts to eliminate the
deficit;
(e) is financially
incapable of meeting statewide educational standards adopted by the Board;
and
(f) has a deficit resulting
from circumstances not subject to administrative decisions.
(2) The Superintendent shall evaluate the criteria outlined in Subsection (1) and make a determination on whether a district is financially distressed following an on-site visit and consultation with the school district and local school board.
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