5 CCR s 19832

Cal. Admin. Code tit. 5, s 19832

CALIFORNIA CODE OF REGULATIONS
TITLE 5. EDUCATION
DIVISION 1.5. EDUCATION AUDIT APPEALS PANEL
CHAPTER 3. AUDITS OF CALIFORNIA K-12 LOCAL EDUCATION AGENCIES
ARTICLE 3. STATE COMPLIANCE PROCEDURES: LOCAL EDUCATION AGENCIES OTHER
THAN
CHARTER SCHOOLS
This database is current through 02/09/07, Register 2007, No. 6
s 19832. School Construction Funds.

(a) School district bonds.

(1) Verify that the proceeds from the sale of bonds issued pursuant
to the provisions of Education Code Section 15140 were deposited in
accordance with the provisions of Education Code Section 15146.

(2) Select a sample of expenditures and verify that bond proceeds
were expended only for the purpose(s) for which the bonds were
issued, as specified in the official statement or statements of bond
indenture submitted by the school district governing board to the
county auditor or county treasurer.

(3) Verify that any money transferred to the general fund of the
district from the interest and sinking fund was transferred in
compliance with the provisions of Education Code Section 15234.

(4) If any proceeds from the sale of bonds are found to have been
deposited inappropriately or to have been expended for purposes
other than those specified in the official statement or statements
of bond indenture, or if any money is found to have been transferred
inappropriately from the interest and sinking fund, include a
finding in the Findings and Recommendations section of the audit
report stating the amount inappropriately deposited, expended, or
transferred.

(b) State School Facilities Funds.

(1) Select a sample of expenditures and verify that expenditures
from the school district's account in the county school facilities
fund were made only for qualifying school facilities expenditures as
provided in subdivision (c) of Education Code Section 17070.43 and
additionally set forth in Education Code Section 17072.35, or in
Education Code Section 17074.25 as further defined in subdivision
(f) of Education Code Section 17070.15; or for other high priority
capital outlay purposes in accordance with the provisions of
subdivision (c) of Education Code Section 17070.63.

(2) If any expenditures of funds from the school district's account
in the county school facilities fund are found to have been made for
non-qualifying purposes, include a finding in the Findings and
Recommendations section of the audit report stating the amount
inappropriately expended.

Note: Authority cited: Section 14502.1, Education Code.
Reference: Sections 14502.1, 14503 and 41020, Education Code.

HISTORY

1. New section filed 6-17-2004 as an emergency; operative 6-17-2004
(Register
2004, No. 25). A Certificate of Compliance must be transmitted to OAL by
10-
15-2004 or emergency language will be repealed by operation of law on the
following day.

2. New section refiled 9-30-2004 as an emergency; operative 10-16-2004
(Register 2004, No. 40). A Certificate of Compliance must be transmitted
to
OAL by 2-14-2005 or emergency language will be repealed by operation of
law on
the following day.

3. Certificate of Compliance as to 9-30-2004 order, including repealer of
section 19832 and renumbering and amendment of former section 19833 to
section
19832, transmitted to OAL 12-9-2004 and filed 1-19-2005 (Register 2005,
No.
3).

5 CCR s 19832, 5 CA ADC s 19832
1CAC

5 CA ADC s 19832

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