Utah Code § 53G-7-304(2) (2018)
Restrictions on Use of Undistributed Reserve The Board may not use the undistributed reserve in the negotiation or settlement of contract salaries for District employees. Utah Code § 53G-7-304(3) (2018) Limit on Appropriations The Board shall not make an appropriation in excess of the District’s estimated expendable revenue, including undistributed reserves, for the following fiscal year. Utah Code § 53G-7-305(2) (2018) Reduction of Budget Appropriations The Board may reduce any budget appropriation at its regular meetings if notice of the proposed action is given to all Board members and the Superintendent at least one week prior to the meeting. Utah Code § 53G-7-305(3) (2018) Increase in Budget Appropriations The Board may increase any budget appropriation only if: 1. The Superintendent in writing requests the Board to increase a specified budget appropriation and states the reasons for the proposed increase; 2. Notice that the request will be considered by the Board is published in a newspaper of general circulation and provided as required by Utah Code § 45-1-101 at least one week before the Board meeting at which the request will be considered; and 3. The Board holds a public hearing on the request before acting on the request and approves the increase by a majority vote of Board members. Utah Code § 53G-7-305(7) (2018) Prohibition of Inter-fund Transfers District revenues shall only be spent within the fund for which those revenues were originally authorized, levied, collected, or appropriated, and inter-fund transfers of residual equity may not be made unless expressly authorized by the State Board of Education. Utah Code § 53G-7-306 (2018)
2.0120.10 DISTRICT AUDIT COMMITTEE Issue date: 5/12/16 Updated: 5/10/18 CAD Appointment
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