511 IAC 4-4-7 Fiscal responsibility; administration costs; withdrawal of corporation; financial support

[NOTE: IC 20-20 is repealed by P.L. 74-2026, SECTION 36, effective July 1, 2026.] Sec. 7. (a) An educational service center may either be attached to a participating school corporation which shall administer the fiscal responsibility and be the fiscal agent for the center, or it may establish a separate treasury with separate accounts. When an educational service center is not attached to a participating school corporation, it shall comply with the state board of accounts' approved forms and rules for fiscal accountability and be subject to audit by the state board of accounts. (b) The following shall apply if an educational service center is attached to a participating school corporation: (1) That corporation shall be selected by the governing board at the same time as selections are made for the executive board. The corporation must agree to serve as fiscal agent for the educational service center. (2) The superintendent of the selected school corporation shall be a member of the executive board of the educational service center. (3) The selected school corporation shall receive, maintain, and disburse all funds of the center in accordance with the laws of Indiana and the organizational agreement (contract). The school corporation shall be responsible for the following: (A) Budget management and accounting. (B) Purchasing supplies and equipment approved by the center's executive board. (C) Entering into contractual agreements approved by the center's exeuctive [sic.] board. (D) Billing for services rendered, in accordance with the criteria established by the center's executive board under section 5 of this rule. (E) Applying for state and federal grants approved by the center's executive board. (F) Filing documents and assurances required by the state and federal governments. (G) Contracting for the employment of an executive director, who shall be chosen by the center's executive board. (H) Contracting for the employment of other personnel approved by the center's executive board. The actual cost of administering the educational center shall be determined collectively by the executive board of the center and the board of school trustees of the administering school corporations. The mutually agreed upon cost shall be paid to the administering school corporation. (c) The fiscal and operating year of each educational service center shall be determined by its executive board. (d) A participating school corporation that does not wish to continue as a member of the center during the succeeding year shall submit written notice of its intent to the executive board by February 1 of the year in which it wishes to terminate membership. A withdrawing corporation shall be liable for its pro rata share of the center's budget, as approved under section 5 of this rule, for the fiscal year in which termination occurs. (e) An educational service center which has been approved by the state board of education is eligible to receive monies appropriated by the Indiana general assembly as well as any other funds, federal, donated, or from other local sources, as may be available. In addition to any of the above sources, each participating school corporation shall pay a stipulated sum per student, based upon the kindergarten through grade 12 ADM (with kindergarten pupils counted as one-half (1/2) ADM) as reported for tuition support calculation purposes as defined in IC 21-3-1.6- 1.1 [ IC 21-3 was repealed by P.L.2-2006, SECTION 199, effective July 1, 2006.]. The stipulated sum shall be determined under section 5 of this rule.