Agenda - 12-09-2003-9a - Laserfiche WebLink

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Attachment Y 51I5C -433 CH 1150 EDUC.ITIO .,\i §ll.3c -133 as it may prescribe. Any such exuencUture shall be reperted to the board of ed:_)caticn at its next regular meeting and recorded m the minutes. 14) Su f.,nsnt Etrds to meet the amcun—s t' be paid dull. ^ -y the Beal V'p-ar under continuing contracts previously entered into shall be appropri - ated. (o) The sum of estimated net revenues and appropriated fund balances in each furs, shall be equal to appropriations in that fund (6) No appropriation may be made that would require the levy ofsupple- mental taxes pursuant to a local act or G S. 1150 -50I to 1150 -511 in excess of the rate of tax approved by the voters, or the expenditure of revenues for purposes not permitted by law-, I Ia estimating revenues to be realized from the levy of school supple- mental taxes pursuant to a local act or G.S I15C -861 to 115C -511. the estimated percentage of collection may not exceed the percentage of that tax actually realized in cash during the preceding fiscal year, or if the tax was not levied in the preceding Fzcal year, the percentage of the general county tax levy actually realized in cash during the preceding fiscal year. (5) Amounts to be realized from collection of supplemental taxes levied in prior fiscal years shall be included in estimated revenues. (9) No appropriation may be made to or from the capital outlay fund to or from any other fund, except as permitted by G 115C- 4:33(d). (c) If the local school administrative unit levies its oven supplemental taxes pursuant to a local act, the budget resolution shall make the appr'opr'iate tax levy in accordance with the local act, and the board of education shall notify the county or city that collects the levy in accordance vvith G S 159 -11. (d) The budget resolution shall -be entered in the minutes of the board of education, and within five days after adoption, copies thereofshall be filed with the superintendent, the school finance of icer and the county finance officer. (1975, c 437, s 1; 1951, c 423, s 1,; 1937 (Reg. Sess., 1953), c. 1025, s 13; 1993, c. 57, s 1.) CASE NOTES Cited in Sale our Schs.. of Bladen County. Inc. v. Bladen County Ed. of Edue. 140 NC. App. 233, 5.33:5 S E 2d 90E 12000) § 115C -433. Amendments to the budget resolution; budget transfers. (a) Subject to the prov-isicns of subsect rn (b) of this section, the board of education may amend the budget resolution at any time after its adoption, in any manner, so long as the resolution as amended continues to satisfy the requirements of G S. 115C -425 and 1150 -432. (b) If the board of county commissioners allocates part or all of its appro- priations pursuant to G S, 1150- 429(b), the board of educatior, must obtain the approval of the board of county commissioners for an amendment to the budget that (i) increases or decreases expenditures fzom the capital outlay fund for projects listed in G S 11,5C-426( NU or (2), or (ii) increases or decreases the amount of county appropriation allocated to a purpose or functirr by twenty - five percent (2590) or more from the amount contained in the budget ordinance adopted by the board of county commissioners: Provided, that at its discretion, the board may in its budget ordinance specify a lesser percentage, so long as such percentage is not less than ten percent (10 ). 346