R277-113-11. LEA Recordkeeping for Flexible Use of Restricted Funds

(1) An LEA may reallocate funds for flexible uses as described in Section 53F-2-209. (2) An LEA that makes flexible adjustments as described in Subsection (1) shall report accounting transactions and adjust entries utilizing the Board approved chart of accounts, including: (a) a dedicated program code; (b) dedicated other financing codes for program transfers of state restricted funds; and (c) expenditure details, if applicable. (3) An LEA that makes flexible adjustments under this section shall ensure that the LEA continues to meet: (a) federal maintenance of effort requirements; and (b) other state or federal requirements on restricted funding, including requirements for program-specific effort, matching, and equity. (4) The Superintendent shall publish online a list of eligible state restricted programs meeting requirements of Section 53F-2-209 no later than May 30 of each year.