Utah Admin. Code R277-407-12 - Budgeting and Spending Revenue Collected Through Fees - Fee Revenue Sharing Requirements
(1) An LEA shall
follow the general accounting standards described in Rule R277-113 for
treatment of fee revenue.
(2) An
LEA shall establish a spend plan for the revenue collected from each fee
charged.
(3)
(a) A spend plan described in Subsection
(2)(a) provides students, parents, and employees transparency by identifying a
fee's funding uses.
(b) An LEA or
school's spend plan shall identify the needs of the activity, course, or
program for the fee being charged and shall include a list or description of
anticipated types of expenditures, for the current fiscal year or as carryover
for use in a future fiscal year, funded by the fee charged.
(4)
(a) An LEA that has multiple schools shall
establish a procedure to identify and address potential inequities due to the
impact of the number of students who receive fee waivers within each of the
LEA's schools.
(b) For an LEA with
multiple schools, the LEA shall distribute the impact of fee waivers across the
LEA so that no school carries a disproportionate share of the LEA's total fee
waiver burden.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
(1) An LEA shall follow the general accounting standards described in Rule R277-113 for treatment of fee revenue.
(2) An LEA shall establish a spend plan for the revenue collected from each fee charged.
(3)
(a) A spend plan described in Subsection (2)(a) provides students, parents, and employees transparency by identifying a fee 's funding uses.
(b) An LEA or school's spend plan shall identify the needs of the activity, course, or program for the fee being charged and shall include a list or description of anticipated types of expenditures, for the current fiscal year or as carryover for use in a future fiscal year, funded by the fee charged.
(4)
(a) An LEA that has multiple schools shall establish a procedure to identify and address potential inequities due to the impact of the number of students who receive fee waivers within each of the LEA's schools.
(b) For an LEA with multiple schools, the LEA shall distribute the impact of fee waivers across the LEA so that no school carries a disproportionate share of the LEA's total fee waiver burden.