The purpose of this rule amendment is to provide authority for community college boards of trustees to delegate approval of budget amendments for reallocation of funds between organizational units of a fund and between general ledger object and ...

DEPARTMENT OF EDUCATION
State Board of Education

RULE NO: RULE TITLE
6A-14.0716: Community College Budgets
PURPOSE AND EFFECT: The purpose of this rule amendment is to provide authority for community college boards of trustees to delegate approval of budget amendments for reallocation of funds between organizational units of a fund and between general ledger object and class codes. The effect is to streamline administrative tasks at the community college level should the board of trustees choose to do so.
SUMMARY: This rule is amended to provide authority for community college boards of trustees to delegate approval of budget amendments for reallocation of funds between organizational units of a fund and between general ledger object and class codes.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS: No Statement of Estimated Regulatory Cost was prepared.
Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.
SPECIFIC AUTHORITY: 1001.02(1), (9), 1011.01, 1011.30 FS.
LAW IMPLEMENTED: 1010.01, 1010.02, 1011.30, 1011.84, 1013.61 FS.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Maybelle Montford, Community College Budgets, Division of Community Colleges, Department of Education, 325 West Gaines Street, Tallahassee, Florida; [phone]

THE FULL TEXT OF THE PROPOSED RULE IS:

6A-14.0716 Community College Budgets.

Each fiscal year, each community college shall prepare a budget in such form as prescribed by the State Board of Education for the Current Unrestricted Fund. Two copies of the budget approved by the board of trustees shall be submitted to the Chancellor, as designee of the Commissioner of Education, by June 30 or on a later date established by the Chancellor. The original or facsimile signature of the president on both copies shall certify board approval.

(1) The Chancellor, as designee of the Commissioner of Education, shall approve the operating budget for each community college after an examination for completeness, correctness, conformity with law and rule, State Board of Education rules, guidelines and preparation according to accepted accounting standards. Anticipated budgeted revenues shall be reasonable and transfers from general current funds shall not handicap current operations. A contingency reserve is authorized in the general current fund.

(2) No change.

(3) Boards of trustees are authorized to amend budgets. Amended budgets are required to be in compliance with laws, rules and accepted educational accounting standards. Boards of trustees may, by rule, delegate authority for approval of budget amendments except as provided in subparagraphs (3)(b)1.,2., of this rule.

(a) Budget amendments approved pursuant to the authority granted in this subsection by the board of trustees may reallocate funds between organizational units of a fund and between general ledger object and class codes.

(b) through (4) No change.

Specific Authority 1001.02(1), (9), 1011.01, 1011.30 FS. Law Implemented 1010.01, 1010.02, 1011.30, 1011.84, 1013.61 FS. History–New 9-30-96, Amended 7-20-04,_________.

NAME OF PERSON ORIGINATING PROPOSED RULE: Maybelle Montford, Community College Budgets, Division of Community Colleges
NAME OF SUPERVISOR OR PERSON WHO APPROVED THE PROPOSED RULE: Dr. Judith Bilsky, Division of Community Colleges
DATE PROPOSED RULE APPROVED BY AGENCY HEAD: April 2, 2007
DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAW: March 9, 2007