What expenditures are allowed for the following funds, developer fee fund, building fund, Spec reserve capital?
Question: What are the allowable expenditures for the following funds? · Developer Fee Fund · Building Fund · Spec Reserve Capital Need to know the ‘what can’ and ‘what cannot’. Also where to find this information rather than sorting through the Gov Code. The accounting manual used to have it, but not now. Thanks. Answer: Although I believe you are asking for a definite listing of allowable expenditures for each fund, one really doesnt exist in that format. Rather, what can be charged to these funds has to do with the intent of the expenditure. Weve included both information from the California State Accounting Manual as it refers to these three specific funds you are asking about, and some additional information we can provide from both government and education code. Because there is no governmental manual that is available with a definitive list of allowable expenditures, you should always review the CSAM, Education Codes and Government Codes. When in doubt, seek legal counsel before
