SECTIONS 42610 - California Statutes

EDUCATION CODE

SECTION 42610

42610. Any amounts added to the general reserve of the school
district in excess of the amount already budgeted shall not be
available for appropriation by the school district for the current
fiscal year except by the following procedure. The governing board of
the school district shall, by formal action of the board, pass a
resolution setting forth the need according to major classification
of school district expenditures to be met from any portion of the
general reserve derived from assured income in excess of the total
amount anticipated in the budget. The resolution shall be submitted
to the county superintendent of schools.
The county superintendent of schools shall approve any resolution
for the appropriation of income to the extent that the income was not
anticipated in the budget of the school district.
On the first day of July of each year, the general reserve
together with unexpended balances of appropriations and income in
excess of anticipated income for the preceding fiscal year shall be
placed to the credit of the school district, and the school district
shall include all money so credited in the balance shown in the
budget for the ensuing fiscal year.