Section 4.09.160. Fund balance.

	(a)  All money in the year-end fund balance of a district's school operating fund are subject to the 10 percent limit described in AS 14.17.505(a), except for money in the following six categories:  
		(1) encumbrances;  
		(2) inventory;  
		(3) prepaid expenses, which may including fuel;  
		(4) self-insurance;  
		(5) federal impact aid received  
			(A) in response to the application for impact aid submitted in the fiscal year that immediately preceded the current fiscal year; and  
			(B) on or after March 1 of the current fiscal year that was awarded as a result of applications that were submitted before the application for impact aid for the current fiscal year:  
		(6)  unexpended annual student allotment money as provided under AS 14.03.320(c).  
	(b)  A district shall include in the report required under 4 AAC 06.121(5)(A) a schedule that identifies the amount of money in the categories listed in (a) of this section.  
	(c)  For purposes of AS 14.17.505(a), "unreserved portion of the year-end fund balance of a school operating fund" means the portion of the fund balance remaining after the deduction of the items listed in (a) of this section.  

Authorities

14.03.320;14.17.505;14.17.920

Notes

Authority

AS 14.03.320 AS 14.17.505 AS 14.17.920 ________________________

History

Eff. 12/13/87, Register 104; am 8/5/90, Register 115; am 6/19/2011, Register 198; am 3/6/2015, Register 213