May a school district overexpend a subsection of the Maintenance and Operation (M&O) Fund?
Yes. A.R.S. 15-905(G) allows a district governing board to authorize the expenditure of monies budgeted within a maintenance and operation subsection of the adopted budget but only by action taken at a public meeting of the governing board and only if the expenditures for all subsections do not exceed the total M&O Fund budget. The regular education subsection includes program codes 100, 610, 620, 630, 700, 800, and 900. The other seven subsections include programs 200, 300, 400, 510, 520, 530, and 540.
