53A-19-103. Undistributed reserve in school board budget.
(1) A local school board may adopt a budget with an undistributed reserve. The reserve
may not exceed 5% of the maintenance and operation budget adopted by the board in accordance
with a scale developed by the State Board of Education. The scale is based on the size of the
school district's budget.
(2) The board may appropriate all or a part of the undistributed reserve made to any
expenditure classification in the maintenance and operation budget by written resolution adopted
by a majority vote of the board setting forth the reasons for the appropriation. The board shall file
a copy of the resolution with the State Board of Education and the state auditor.
(3) The board may not use undistributed reserves in the negotiation or settlement of
contract salaries for school district employees.
Enacted by Chapter 2, 1988 General Session
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Last revised: Thursday, May 28, 2009