Utah Admin. Code R277-919-4 - Flexibility of Restricted Funds
(1) An
innovation school with an approved innovation plan may apply to the Board for
budgetary flexibility as described in Section
53G-7-222.
(2) The application for budgetary flexibility
shall be created by the Superintendent and include:
(a) an itemized budget detailing the
expenditures needed to fund the innovation plan;
(b) the current restricted funds that will be
used including how much of each fund will be used for the innovation plan;
and
(c) a plan for annually
reporting to the Superintendent regarding budgetary expenditures from
restricted funds to ensure compliance.
(3) The Board shall approve an application
for budgetary flexibility unless the application is in violation of state law
on budget and funding matters.
(4)
If an approved innovation school receives approval from the Board for budgetary
flexibility, the approved innovation school shall report expenditures and
evidence in form prescribed by the Superintendent including any unlawfully
adverse effect on an originating program.
(5) The Board may terminate an innovation
plan for violation of the approved budget including:
(a) the failure of any originating program
from which restricted funds have been diverted as defined by state
law;
(b) failure to match
expenditures with approved budget; and
(c) failure to provide evidence of
expenditures in the format required by the Superintendent.
Notes
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