The budget is considered “balanced” when total planned revenues plus available fund balance reserves are greater than or equal to total planned expenditures. This definition is often applied to specific restricted programs. The District requires restricted programs, whose revenues are restricted for specific purposes, to “balance” program-level budgets.
School Activity - Checking Accounts: Program Balanced Budget Requirements
BUDGET RELATED REFERENCES:
Title 53A Public Education:
Utah State Office of Education R277 Guidance: