Policy – Category 3000 (Business and Noninstructional Operations) BP 3002 – Fiscal Allocation Plan
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Contributions to Set-Aside Pool It is the intent of the CAHELP Governance Council to establish “set-aside pools” of revenue to ensure the fiscal solvency of the DMCS and to provide funding in support of high due process costs or other unforeseen extraordinary expenses. Charter LEAs will contribute to approved pools through deductions to monthly state apportionment distributions. These contributions will be calculated based on the approved percentage of each Charter LEA’s Base Allocation and will reduce each Charter LEA’s state apportionment (RS 6500) and be reallocated to the appropriate DMCS account. The CAHELP Governance Council will determine the maximum amount of each pool to be held in reserve. Any amount above the approved reserve may be used for purposes as recommended by the CEC and approved by the CAHELP Governance Council or will be returned to Charter LEA members based on a pro-rata share of contribution. Examples of approved usage may include, but not be limited to, support projected extraordinary one- time costs, assistance with new program implementation, offset to the next fiscal year contributions, or may be returned to Charter LEAs using an allocation method to be determined at that time. The CEC will review the percentage of contributions on an annual basis and make recommendations to the CAHELP Governance Council for approval. The following set-aside pools have been approved by the CAHELP Governance Council:
DISTRIBUTION SPREADSHEET LOCATION
POOL NAME
DESCRIPTION
Insurance Pool
It is the intent of the CAHELP Governance Council to maintain a financial reserve sufficient to support unforeseen costs and to protect the fiscal solvency of the DMCS. This pool will maintain a targeted reserve balance of $250,000 or 3% of the annual Base Apportionment, whichever is greater. The Insurance Pool contribution is calculated as 3% of each Charter LEA’s Base Allocation and will be reallocated to account DMSA. In addition, any Recapture of Unexpended State Funds (see Section I) will be deposited in the Insurance Pool.
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BP 3002 – Fiscal Allocation Plan
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Desert Mountain Charter Special Education Local Plan Area (DMCS) (rev. 04/18)
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