In the Executive proposal, the Governor says that school districts could use excess funds in employee benefit accrued liability reserves. How would school districts obtain approval for that?
The Executive proposal description states that: A school district’s governing board will be permitted to authorize a withdrawal of excess funds in an employee benefits accrued liability reserve fund in order to maintain education programming during the 2010-11 school year. The amount withdrawn could not exceed the Gap Elimination Adjustment for a school district. The State Comptroller will certify that funds withdrawn are in excess of the amount required for employee benefits which are a liability against the fund.
Related Questions
- In the Executive proposal, the Governor says that school districts could use excess funds in employee benefit accrued liability reserves. How would school districts obtain approval for that?
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