WAC 392-121-436. Emergency advance payments — School district application

The board of directors of a school district or a charter school board may apply for any emergency advance on the school district's or charter school's basic education allocation. The application shall take the form of a resolution adopted by the board setting forth the following: (1) The nature of the unforeseen condition requiring the advance; (2) The amount requested to be advanced; (3) The net cash and investment balance of the general fund as of the date of the resolution; (4) A forecast of the general fund receipts, disbursements, and net cash and investment balance for each month remaining in the fiscal year; (5) A disclosure of any existing or planned general fund revenue anticipation notes; (6) A disclosure of any existing or planned general fund loan to or from another fund of the school district or charter school; and (7) A written acknowledgment that funds advanced will be repaid in accordance with WAC 392-121-443 , subject to approval by the superintendent of public instruction.