COBI 2015 - Utah Charter School Finance Authority

Overview
Issues
Performance
Background
Financials

Sources Uses

FY 2016 Appropriation

The Utah Charter School Finance Authority was created to provide an efficient and cost-effective method of financing charter school facilities in the State. Its governing board of authority is composed of the governor or designee, the state treasurer, and the state superintendent or designee.

Funding History

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $50,000 from all sources for Utah Charter School Finance Authority. This is a 0 percent change from Fiscal Year 2015 revised estimated amounts from all sources.

Statute

UCA 53A-20b-103: Creates the Utah Charter School Finance Authority and defines its members, compensation, and services.
UCA 53A-20b-104: Defines the powers and duties of the authority.

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Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Programs	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Utah Charter School Finance Authority	0	0	0	0	50,000	0	50,000	0	50,000
Total	$0	$0	$0	$0	$50,000	$0	$50,000	$0	$50,000

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
EFR - Charter School Reserve Account	0	0	0	50,000	50,000	0	50,000	0	50,000
Lapsing Balance	0	0	0	(50,000)	0	0	0	0	0
Total	$0	$0	$0	$0	$50,000	$0	$50,000	$0	$50,000

Show Table | Show Additional Information

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Current Expense	0	0	0	0	50,000	0	50,000	0	50,000
Total	$0	$0	$0	$0	$50,000	$0	$50,000	$0	$50,000

COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.