Must local funds freed up using the 50% rule be expended or may the amount be cut from the LEA s budget?
The amount of funds equal to the reduction in MOE cannot simply be cut from the LEA s budget, reducing the LEA s expenditures. The LEA must expend an amount of local funds equal to the reduction in required MOE. This requirement applies only to funds freed up using the 50% rule and does not apply to funds freed up using other MOE exceptions.
Related Questions
- Are expenditures of local funds included when determining whether an LEA expended the required amount on equitable services?
- May local funds freed up under the 50% rule be used to retain staff slated for layoff or contract reduction?
- Must local funds freed up using the 50% rule be expended or may the amount be cut from the LEA s budget?