reglab/statecodes huggingface dataset:
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1010 - Financial Matters › Part V - Trust Funds (Ss. 1010.70-1010.86) › 1010.86 - Administration of the Capital Improvement Fee Trust Fund.

1010.86 Administration of the Capital Improvement Fee Trust Fund.—The Board of Governors of the State University System shall administer the Capital Improvement Fee Trust Fund, which includes receipts from capital improvement student fee assessments, interest earnings, and subsidy grants. All funds, except those to be used for debt service payments, reserve requirements, and educational research centers for child development, pursuant to s. 1011.48, shall be used to fund projects appropriated by the Legislature. Projects funded pursuant to this section may be expanded by the use of supplemental funds such as grants, auxiliary enterprises, private donations, and other nonstate sources.
History.—s. 598, ch. 2002-387; s. 3, ch. 2015-7.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › 1011.01 - Budget system established.

1011.01 Budget system established.—
(1) The State Board of Education shall prepare and submit a coordinated K-20 education annual legislative budget request to the Governor and the Legislature on or before the date provided by the Governor and the Legislature. The board’s legislative budget request must clearly define the needs of school districts, Florida College System institutions, universities, other institutions, organizations, programs, and activities under the supervision of the board and that are assigned by law or the General Appropriations Act to the Department of Education.
(2)(a) There shall be established in each school district and Florida College System institution a budget system as prescribed by law and rules of the State Board of Education.
(b) There shall be established in each state university a budget system as prescribed by law and rules of the Board of Governors.
(3)(a) Each district school board and each Florida College System institution board of trustees shall prepare, adopt, and submit to the Commissioner of Education an annual operating budget. Operating budgets shall be prepared and submitted in accordance with the provisions of law, rules of the State Board of Education, the General Appropriations Act, and for district school boards in accordance with the provisions of s. 200.065.
(b) Each state university board of trustees shall prepare, adopt, and submit to the Chancellor of the State University System for review an annual operating budget in accordance with provisions of law, rules of the Board of Governors, and the General Appropriations Act.
(4) The State Board of Education shall coordinate with the Board of Governors to facilitate the budget system requirements of this section. The Board of Governors exclusively retains the review and approval powers of this section for state universities.
History.—s. 601, ch. 2002-387; s. 149, ch. 2007-217; s. 164, ch. 2011-5; s. 30, ch. 2011-175; s. 10, ch. 2018-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › 1011.011 - Legislative capital outlay budget request.

1011.011 Legislative capital outlay budget request.—The State Board of Education shall submit an integrated, comprehensive budget request for educational facilities construction and fixed capital outlay needs for school districts, Florida College System institutions, and, in conjunction with the Board of Governors, universities pursuant to this section and s. 1013.46 and applicable provisions of chapter 216.
History.—s. 602, ch. 2002-387; s. 150, ch. 2007-217; s. 165, ch. 2011-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › 1011.012 - Annual capital outlay budget.

1011.012 Annual capital outlay budget.—
(1) Each district school board, Florida College System institution board of trustees, and university board of trustees shall, each year, adopt a capital outlay budget for the ensuing year in order that the capital outlay needs of the board for the entire year may be well understood by the public. This capital outlay budget shall be a part of the annual budget and shall be based upon and in harmony with the educational plant and ancillary facilities plan. This budget shall designate the proposed capital outlay expenditures by project for the year from all fund sources. The board may not expend any funds on any project not included in the budget, as amended.
(2) Each district school board must prepare its tentative district facilities work program as required by s. 1013.35 before adopting the capital outlay budget.
History.—s. 603, ch. 2002-387; s. 166, ch. 2011-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.02 - District school boards to adopt tentative budget.

1011.02 District school boards to adopt tentative budget.—
(1) On or before the date prescribed in rules of the State Board of Education, each district school board shall receive and examine the tentative budget submitted by the district school superintendent, and shall require such changes to be made, in keeping with the purposes of the school code, as may be to the best interest of the school program in the district.
(2) The district school board shall determine, within prescribed limits, the reserves to be allotted for contingencies, and the cash balance to be carried forward at the end of the year. If the district school board shall require any changes to be made in receipts, in the reserves for contingencies, or in the cash balance to be carried forward at the end of the year, it shall also require necessary changes to be made in the appropriations for expenditures so that the budget, as changed, will not contain appropriations for expenditures and reserves in excess of, or less than, estimated receipts and balances.
(3) The proposed budget shall include an amount for local required effort for current operation, in accordance with the requirements of s. 1011.62(4).
(4) When a tentative budget has been prepared in accordance with rules of the State Board of Education, the proposed expenditures, plus transfers, and balances shall not exceed the estimated income, transfers, and balances. The budget and each of the parts thereof shall balance.
(5) The district school board shall adopt a tentative budget.
History.—s. 605, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.03 - Public hearings; budget to be submitted to Department of Education.

1011.03 Public hearings; budget to be submitted to Department of Education.—
(1) Each district school board shall cause a summary of its tentative budget, including the proposed millage levies as provided for by law, to be posted on the district’s official website and advertised once in a newspaper of general circulation published in the district or to be posted at the courthouse if there be no such newspaper.
(2) The advertisement shall appear adjacent to the advertisement required pursuant to s. 200.065. The State Board of Education may adopt rules necessary to provide specific requirements for the format of the advertisement.
(3) The board shall hold public hearings to adopt tentative and final budgets pursuant to s. 200.065. The hearings shall be primarily for the purpose of hearing requests and complaints from the public regarding the budgets and the proposed tax levies and for explaining the budget and proposed or adopted amendments thereto, if any. The tentative budget must be posted on the district’s official website at least 2 days before the budget hearing held pursuant to s. 200.065 or other law. The final adopted budget must be posted on the district’s official website within 30 days after adoption. The board shall require the superintendent to transmit two copies of the adopted budget to the Department of Education as prescribed by law and rules of the State Board of Education.
(4) If the governing body of a district amends the budget, the adopted amendment must be posted on the official website of the district within 5 days after adoption.
History.—s. 606, ch. 2002-387; s. 24, ch. 2010-154; s. 23, ch. 2011-144; s. 31, ch. 2011-175; s. 11, ch. 2018-5; s. 14, ch. 2020-3.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.04 - Levying of taxes.

1011.04 Levying of taxes.—
(1) Upon receipt of the certificate of the property appraiser giving the assessed valuation of the county and of each of the special tax school districts pursuant to s. 200.065, the district school board shall determine by resolution the amounts necessary to be raised for current operating purposes and for each district bond interest and sinking fund and the millage necessary to be levied for each such fund, including the voted millage. A certified copy of the resolution shall thereupon be filed with the county property appraiser, and the district school board shall also order the property appraiser to assess the several millages certified by the school board against the appropriate taxable property in the school district.
(2) The property appraiser shall then assess the taxes as ordered by the district school board. Tax millages so assessed shall be clearly designated and separately identified as to source on the tax bill for other county taxes.
(3) The collector shall collect said taxes and pay over the same promptly as collected to the district school depository or depositories to be used as provided by law; provided, that all taxes authorized herein shall be assessed and collected on railroad, street railroad, sleeping car, parlor car, and telegraph company property in the manner now provided by law.
History.—s. 607, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.05 - Implementation of the official budget.

1011.05 Implementation of the official budget.—The official budget shall give the appropriations and reserves therein the force and effect of fixed appropriations and reserves, and the same shall not be altered, amended, or exceeded except as authorized. However, if the actual receipts during any year are less than budgeted receipts, and any obligations are thereby incurred which cannot be met before the close of the year, such obligations shall be paid and accounted for in the ensuing fiscal year in the manner prescribed by rules of the State Board of Education and shall be payable out of the first funds available for that purpose.
History.—s. 608, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.051 - Guidelines for general funds.

1011.051 Guidelines for general funds.—The district school board shall maintain a general fund ending fund balance that is sufficient to address normal contingencies.
(1) If at any time the portion of the general fund’s ending fund balance not classified as restricted, committed, or nonspendable in the district’s approved operating budget is projected to fall below 3 percent of projected general fund revenues during the current fiscal year, the superintendent shall provide written notification to the district school board and the Commissioner of Education. If such financial condition exists for 2 consecutive fiscal years, the superintendent shall reduce the district’s administration expenditures reported pursuant to s. 1010.215(4)(a) in proportion to the reduction in the general fund’s ending balance or the reduction in student enrollment, whichever is greater.
(2)(a) If at any time the portion of the general fund’s ending fund balance not classified as restricted, committed, or nonspendable in the district’s approved operating budget is projected to fall below 2 percent of projected general fund revenues during the current fiscal year, the superintendent shall provide written notification to the district school board and the Commissioner of Education. Within 14 days after receiving such notification, if the commissioner determines that the district does not have a plan that is reasonably anticipated to avoid a financial emergency as determined pursuant to s. 218.503, the commissioner shall appoint a financial emergency board that shall operate under the requirements, powers, and duties specified in s. 218.503(3)(g).
(b) If any of the conditions identified in s. 218.503(1) existed in the 2015-2016 school year or thereafter, the department shall contract with an independent third party to conduct an investigation of all accounts and records to determine the cause of the deficit; what efforts, if any, were made to avoid the deficit; and whether any of the conditions identified in s. 1011.10 have occurred. The investigation must include a detailed review and analysis of documents and records, including, but not limited to, budget reports, journal entries, budget methodologies, staff emails, hard copy records, monthly financial statements, quarterly revenue and expenditure reports, finance staff job descriptions, and minutes from meetings. The results of the investigation must include recommendations for corrective action and controls to avoid a reoccurrence of a future budget shortfall. A final report shall be provided to the district school board, the department, the Legislative Auditing Committee, and the district’s financial emergency board, if applicable.
History.—s. 11, ch. 2009-3; s. 24, ch. 2011-144; s. 13, ch. 2018-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.06 - Expenditures.

1011.06 Expenditures.—
(1) LIMITATION ON EXPENDITURE AMOUNT.—Expenditures shall be limited to the amount budgeted under the classification of accounts provided for each fund and to the total amount of the budget after the same have been amended as prescribed by law and rules of the State Board of Education. The school board shall endeavor to obtain maximum value for all expenditures.
(2) EXPENDITURES FROM DISTRICT AND OTHER FUNDS.—Expenditures from district and all other funds available for the public school program of any district shall be authorized by law and must be in accordance with procedures prescribed by the district school board. A district school board may establish policies that allow expenditures to exceed the amount budgeted by function and object, provided that the district school board complies with s. 1011.09(4) and approves the expenditure by amending the budget at the next scheduled public meeting. The district school board must provide a full explanation of any amendments at the public meeting.
History.—s. 609, ch. 2002-387; s. 14, ch. 2018-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.07 - Internal funds.

1011.07 Internal funds.—
(1) The district school board shall be responsible for the administration and control of all local school funds derived by any public school from all activities or sources, and shall prescribe the principles and procedures to be followed in administering these funds consistent with regulations adopted by the State Board of Education.
(2) The State Board of Education shall adopt rules governing the procedures for the recording of the receipts, expenditures, deposits, and disbursements of internal funds.
History.—s. 610, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.08 - Expenditures between July 1 and date budget becomes official.

1011.08 Expenditures between July 1 and date budget becomes official.—During the period from July 1 to the date the tentative budget becomes official, district school boards are authorized to approve ordinary expenditures, including salary payments, which are necessary for the approved school program.
History.—s. 611, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.09 - Expenditure of funds by district school board.

1011.09 Expenditure of funds by district school board.—All state funds apportioned to the credit of any district constitute a part of the district school fund of that district and must be budgeted and expended under authority of the district school board subject to the provisions of law and rules of the State Board of Education.
(1) A district school board shall credit interest or profits on investments to the specific budgeted fund, as defined by the accounting system required by s. 1010.01, that produced the earnings unless otherwise authorized by law or rules of the State Board of Education.
(2) A district school board may temporarily advance moneys from one fund, as defined by the accounting system required by s. 1010.01, to another fund when insufficient moneys are available to meet current obligations if the temporary advancement is repaid within 13 months, appropriate accounting records are maintained, and the temporary advancement does not restrict, impede, or limit implementation or fulfillment of the original purposes for which the moneys were received in the fund providing the advancement.
(3) Funds expended from school nonrecurring incentives or bonus type state or federal funded programs based on performance outcomes may not be used for measuring compliance with state or federal maintenance of effort, supplanting, or comparability standards.
(4) If the financial conditions in s. 1011.051 exist, a district school board may not make expenditures for travel outside of the district or cellular phones, cellular phone service, personal digital assistants, or any other mobile wireless communication device or service, including text messaging, whether through purchasing, leasing, contracting, or any other method, while the financial conditions exist. The expenditure of public funds for art programs, music programs, sports programs, and extracurricular programs for students is a higher priority than expending funds for employee travel and cellular phones.
History.—s. 612, ch. 2002-387; s. 25, ch. 2009-59; s. 15, ch. 2018-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.10 - Penalty.

1011.10 Penalty.—
(1) Any member of a district school board or any district school superintendent who violates the provisions of this section commits malfeasance and misfeasance in office and shall be subject to removal from office by the Governor, and any contract or attempted contract entered into by any school officer or subordinate school officer that is not within the purview or in violation of the provisions of this section shall be void, and no such contract or attempted contract shall be enforceable in any court.
(2) Each member of any district school board voting to incur an indebtedness against the district school funds in excess of the expenditure allowed by law, or in excess of any appropriation as adopted in the original official budget or amendments thereto, or to approve or pay any illegal charge against the funds, and any chair of a district school board or district school superintendent who signs a warrant for payment of any such claim or bill of indebtedness against any of the funds shall be personally liable for the amount, and shall be guilty of malfeasance in office and subject to removal by the Governor. It shall be the duty of the Auditor General, other state officials, or independent certified public accountants charged by law with the responsibility for auditing school accounts, upon discovering any such illegal expenditure or expenditures in excess of the appropriations in the budget as officially amended, to certify such fact to the Department of Financial Services, which thereupon shall verify such fact and it shall be the duty of the Department of Financial Services to advise the Department of Legal Affairs thereof, and it shall be the duty of the Department of Legal Affairs to cause to be instituted and prosecuted, either through its office or through any state attorney, proceedings at law or in equity against such member or members of a district school board or district school superintendent. If either of the officers does not institute proceedings within 90 days after the audit has been certified to them by the Department of Financial Services, any taxpayer may institute suit in his or her own name on behalf of the district.
(3) If any of the conditions identified in s. 218.503(1) exist within a school district, the salary of each district school board member and district superintendent, calculated pursuant to ss. 1001.395 and 1001.47, shall be withheld until the conditions are corrected. This subsection does not apply to a district school board member or district superintendent elected or appointed within 1 year after the identification of the conditions in s. 218.503(1) if he or she did not participate in the approval or preparation of the final school district budget adopted before the identification of such conditions.
History.—s. 613, ch. 2002-387; s. 1969, ch. 2003-261; s. 16, ch. 2018-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.11 - Certain provisions to be directory.

1011.11 Certain provisions to be directory.—No irregularities of form or manner in the preparation or adoption of any budget under the provisions of this chapter shall invalidate either the budget adopted or the taxes levied therefor. However, the budget and the taxes levied must conform substantially to the principles and provisions of law and rules of the State Board of Education.
History.—s. 614, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.12 - Purposes of and procedures in incurring school indebtedness.

1011.12 Purposes of and procedures in incurring school indebtedness.—Indebtedness for school purposes may be incurred only as follows:
(1) School districts may issue bonds creating a long-term indebtedness as prescribed by law.
(2) Notes may be issued for money borrowed in anticipation of the receipt of current school funds, included in the budget from the state, county, or districts, as authorized under s. 1011.13.
(3) Indebtedness may be incurred for certain purposes as authorized under s. 1011.14, s. 1011.15, or s. 1011.16.
(4) Bonds or revenue certificates issued on behalf of the district by the State Board of Education as authorized by s. 18, Art. XII of the State Constitution of 1885 as adopted by s. 9(d), Art. XII of the State Constitution, and the additional provisions of s. 9(d), Art. XII of the State Constitution.
History.—s. 615, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.14 - Obligations for a period of 1 year.

1011.14 Obligations for a period of 1 year.—District school boards are authorized only under the following conditions to create obligations by way of anticipation of budgeted revenues accruing on a current basis without pledging the credit of the district or requiring future levy of taxes for certain purposes for a period of 1 year; however, such obligations may be extended from year to year with the consent of the lender for a period not to exceed 4 years, or for a total of 5 years including the initial year of the loan:
(1) PURPOSES.—The purposes for which such obligations may be incurred within the intent of this section shall include only the purchase of school buses, land, and equipment for educational purposes; the erection of, alteration to, or addition to educational facilities; and the adjustment of insurance on educational property on a 5-year plan, as provided by rules of the State Board of Education.
(2) OBLIGATIONS MAY NOT EXCEED ONE-FOURTH OF DISTRICT AD VALOREM TAX REVENUE FOR OPERATIONS FOR THE PRECEDING YEAR.—No obligation of the nature prescribed herein may be incurred by any district school board when such proposed obligations exceed one-fourth of the revenue received during the preceding year for the district school fund for operating expense of the district.
(3) DISTRICT SCHOOL BOARD TO ADOPT PROPOSAL.—When the district school board proposes to incur obligations of the nature authorized in this section, it shall adopt and spread upon its minutes a resolution giving the nature of the obligations to be incurred, stating the plan of payment, and providing that such funds will be budgeted during the period of the loan from the current revenue to retire the obligations maturing during the year. This plan of payment shall not extend over a period longer than 1 year.
(4) INTEREST-BEARING NOTES AUTHORIZED.—Each district school board which has authorized the incurring of the obligations as provided in this section shall issue interest-bearing notes for the obligations. The notes shall provide the terms of payment and shall not bear interest in excess of the rate authorized under the provisions of s. 215.84. No additional obligations of a similar nature may be incurred against the funds of any school district when notes authorized under this subsection are still outstanding and unpaid when such proposed obligations together with the unpaid notes outstanding exceed one-fourth of the revenue of the preceding year, as defined in subsection (2).
History.—s. 617, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.15 - Obligations to eliminate major emergency conditions.

1011.15 Obligations to eliminate major emergency conditions.—The district school board of any district experiencing a major emergency condition in an existing school plant that demands immediate correction in order to prevent further damage to the building or equipment or to eliminate a safety hazard that constitutes an immediate danger to the students and other occupants is authorized to create an obligation for a period of 1 year by way of anticipation of revenues for capital outlay purposes accruing on a current basis without pledging the credit of the district. Such obligation may be extended from year to year with the consent of the lender for a period not to exceed 4 years, or for a total of 5 years including the initial year of the loan. Obligations occurring under this section may be repaid from funds to be received from taxes authorized by s. 1011.71(2) and from any other funds available to the district school board for the purpose under the following conditions:
(1) DISTRICT SCHOOL BOARD TO ADOPT PROPOSAL.—When the district school board proposes to incur obligations of the nature authorized in this section, it shall adopt and spread upon its minutes a resolution fully describing the emergency condition outlined above, giving the nature of the obligations to be incurred, stating the plan of payment, and providing that such funds will be budgeted during the period of the loan from the current revenue to retire the obligations maturing during the year. This plan of payment shall not extend over a period longer than 1 year.
(2) INTEREST-BEARING NOTES AUTHORIZED.—Each district school board which has authorized the incurring of the obligations as provided in this section shall issue interest-bearing notes for the obligations. The notes shall provide the terms of payment and shall not bear interest in excess of the rate authorized in s. 1010.59.
History.—s. 618, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.17 - School funds to be paid to Chief Financial Officer or into depository.

1011.17 School funds to be paid to Chief Financial Officer or into depository.—
(1) Every tax collector or other person having moneys which by law go to any district school fund shall at least once each month pay the same over to the depository or depositories designated by the district school board for such purpose, and shall provide said board with confirmation of the deposit. Every officer having moneys which by law go to any state school fund shall pay the same to the Chief Financial Officer of the state, and the Chief Financial Officer shall see that these moneys are deposited to the credit of the proper state school fund.
(2) The district school board shall have the authority to designate that funds due it be placed for investment for its account with the State Board of Administration rather than be deposited, and said board may direct those persons having moneys due it or due any state school fund to pay out such funds to the State Board of Administration to make authorized investments for its account.
History.—s. 620, ch. 2002-387; s. 1970, ch. 2003-261.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.19 - Sources of district school fund.

1011.19 Sources of district school fund.—The district school fund shall consist of funds derived from the district school tax levy; state appropriations; appropriations by county commissioners; local, state, and federal school food service funds; any and all other sources for school purposes; national forest trust funds and other federal sources; and gifts and other sources.
History.—s. 622, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.22 - Interest and sinking funds may be invested in certain bonds, warrants, and notes.

1011.22 Interest and sinking funds may be invested in certain bonds, warrants, and notes.—Each district school board shall have the power at all times to invest the interest and sinking funds collected for the retirement of any bonds of the school district in any investment as authorized in s. 1010.53(2). The district school board shall have authority at any time to use the interest and sinking fund of any district for purchasing, for the purpose of canceling and retiring, bonds outstanding against the interest and sinking fund of said district at any price which will result in a net saving to the taxpayers of the district; provided, always, that the district school board shall have the right to keep the interest and sinking fund on deposit earning the rate of interest agreed upon until such time as within its judgment it may be able to invest it in bonds, warrants, or notes to better advantage as provided herein.
History.—s. 625, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.23 - Disposition of balance in interest and sinking fund.

1011.23 Disposition of balance in interest and sinking fund.—If all principal and interest outstanding against any school district shall have been paid, and there shall still remain a balance in the interest and sinking fund to the credit of that district, the district school board shall, by resolution, authorize this balance to be transferred to the credit of the district school fund.
History.—s. 626, ch. 2002-387.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart A - District School Boards:Preparation, Adoption, andImplementation of Budgets › 1011.24 - Special district units.

1011.24 Special district units.—For the purposes of funding through this chapter and chapter 1013, lab schools shall be designated as special school districts. Such districts shall be accountable to the Department of Education for budget requests and reports on expenditures.
History.—s. 627, ch. 2002-387; s. 65, ch. 2004-41.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart B - Florida College System institutions:Preparation, Adoption, andImplementation of Budgets › 1011.30 - Budgets for Florida College System institutions.

1011.30 Budgets for Florida College System institutions.—Each Florida College System institution president shall recommend to the Florida College System institution board of trustees a budget of income and expenditures at such time and in such form as the State Board of Education may prescribe. Upon approval of a budget by the Florida College System institution board of trustees, such budget shall be transmitted to the Department of Education for review. Rules of the State Board of Education shall prescribe procedures for effecting budget amendments subsequent to the final approval of a budget for a given year.
History.—s. 629, ch. 2002-387; s. 167, ch. 2011-5; s. 13, ch. 2011-177.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart B - Florida College System institutions:Preparation, Adoption, andImplementation of Budgets › 1011.31 - Current loans to Florida College System institution boards of trustees.

1011.31 Current loans to Florida College System institution boards of trustees.—
(1) At any time the current funds on hand are insufficient to pay obligations created by a Florida College System institution board of trustees in accordance with the approved budget of the Florida College System institution, the Florida College System institution board of trustees may request approval by the Commissioner of Education of a proposal to negotiate a current loan, with provisions for the repayment of such loan during the fiscal year in which the loan is made, in order to meet these obligations.
(2) The Commissioner of Education shall approve such proposal when, in his or her opinion, the proposal is reasonable and just, the expenditure is necessary, and revenues sufficient to meet the requirements of the loan can reasonably be anticipated.
History.—s. 630, ch. 2002-387; s. 2, ch. 2003-3; s. 168, ch. 2011-5.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart C - Universities: Preparation,Adoption, and Implementation of Budgets › 1011.40 - Budgets for universities.

1011.40 Budgets for universities.—
(1) LEGISLATIVE BUDGET REQUEST.—The Board of Governors shall provide instructions, guidelines, and standard formats to be used by each university that will provide to the Board of Governors and the Legislature adequate information to support and justify the legislative budget requests submitted pursuant to ss. 216.023, 1011.90, and 1013.60 for each university.
(2) OPERATING BUDGET.—Each university board of trustees shall adopt an operating budget for the operation of the university as prescribed by law and rules of the Board of Governors. Each university president shall prepare and implement the operating budget of the university as prescribed by law, rules of the Board of Governors, policies of the university board of trustees, and provisions of the General Appropriations Act. The proposed expenditures, plus transfers, and balances shall not exceed the estimated income, transfers, and balances. The budget and each part thereof shall balance. If at any time the unencumbered balance in the education and general fund of the university board of trustees approved operating budget goes below 5 percent, the president shall provide written notification to the Board of Governors.
(3) EXPENDITURES.—Expenditures from any source of funds by any university shall not exceed the funds available. Expenditures shall not exceed the amount budgeted under each classification of accounts for each fund and the total amount of the budget, as amended as prescribed by rules of the Board of Governors. No expenditure of funds, contract, or agreement of any nature shall be made that requires additional appropriation of funds by the Legislature unless specifically authorized in advance by law or the General Appropriations Act.
(4) DISTRIBUTION OF APPROPRIATION.—Funds appropriated in the General Appropriations Act for the operation of state universities shall be distributed to the universities twice monthly. The Executive Office of the Governor may modify this schedule if required to meet specific needs of a university.
History.—s. 633, ch. 2002-387; s. 151, ch. 2007-217.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart C - Universities: Preparation,Adoption, and Implementation of Budgets › 1011.41 - University appropriations.

1011.41 University appropriations.—Funds for the general operations of universities shall be requested and appropriated as Aid to Local Governments Grants and Aids, subject to provisions of the General Appropriations Act. Funds provided to state universities in the General Appropriations Act are contingent upon each university complying with the tuition and fee policies established in the proviso language and with the tuition and fee policies for state universities included in part II of chapter 1009. However, the funds appropriated to a specific university shall not be affected by the failure of another university to comply with this provision.
History.—s. 634, ch. 2002-387; s. 152, ch. 2007-217.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart C - Universities: Preparation,Adoption, and Implementation of Budgets › 1011.4106 - Trust fund dissolution and local account appropriations.

1011.4106 Trust fund dissolution and local account appropriations.—
(1) Notwithstanding the provisions of ss. 215.3206(2) and 215.3208(2), and pursuant to s. 216.351, all unexpended balances as of June 30, 2002, in the following State University System trust funds are hereby appropriated to the appropriate accounts of each university based upon the original source of the trust fund revenue and any accrued interest: the Education/General Student and Other Fees Trust Fund, the Experiment Station Federal Grant Trust Fund, the Experiment Station Incidental Trust Fund, the Extension Service Federal Grant Trust Fund, the Extension Service Incidental Trust Fund, the Incidental Trust Fund, the UF Health Center Operations and Maintenance Trust Fund, the Operations and Maintenance Trust Fund, and all other trust funds in the State Treasury for universities. Expenditure of these funds by each university must be based on the laws, rules, grant agreements, or other legal controlling factors associated with all trust fund balances which are appropriated to local accounts pursuant to this section, and included in each university board of trustees approved operating budget. Each university shall be responsible for the payment of outstanding debts or obligations associated with these funds.
(2) Any appropriations provided in the General Appropriations Act from the Education/General Student and Other Fees Trust Fund are the only budget authority for the fiscal year to the named universities to expend tuition and out-of-state fees that are collected during the fiscal year and carried forward from the prior fiscal year. The expenditure of tuition and fee revenues from local accounts by each university shall not exceed the authority provided in the General Appropriations Act unless approved pursuant to the provisions of chapter 216. If a court of competent jurisdiction finds that the restriction in this subsection is invalid, the moneys described in this section shall be deposited in the State Treasury.
History.—s. 636, ch. 2002-387; s. 153, ch. 2007-217.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart C - Universities: Preparation,Adoption, and Implementation of Budgets › 1011.411 - Budgets for sponsored research at universities.

1011.411 Budgets for sponsored research at universities.—Funds for sponsored research at each university shall be budgeted and expended pursuant to ss. 1004.22 and 1011.42.
History.—s. 637, ch. 2002-387; s. 154, ch. 2007-217.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart C - Universities: Preparation,Adoption, and Implementation of Budgets › 1011.42 - University depositories; deposits into and withdrawals from depositories.

1011.42 University depositories; deposits into and withdrawals from depositories.—
(1) The board of trustees of each university shall designate the depositories in which any university funds may be deposited. No bank shall be designated unless it is a qualified depository as provided by Florida Statutes.
(2) All funds received by a university, from whatever source and for whatever purpose, shall promptly be deposited in a board of trustees approved qualified depository.
(3) The board of trustees shall require an accurate and complete set of accounts to be maintained in the books and records for each fund on deposit in each university depository. Each account shall show the amount subject to withdrawal, the amount deposited, the amount expended, and the balance of the account.
(4) The university may maintain a separate checking account for each fund or may utilize a single checking account for the deposit and withdrawal of moneys from all funds and segregate the various funds on the books and records only. No check or withdrawal shall be drawn in excess of the balance to the credit of the appropriate fund.
(5) Funds awaiting clearing may be invested in investments earning interest in a qualified depository, in the State Treasury, and in the State Board of Administration. Investments of university funds shall comply with the requirements of Florida Statutes for the investment of public funds by local government. Due diligence shall be exercised to assure that the highest available amount of earnings is obtained on investments.
(6) The university president or his or her designee, after having been specifically authorized by the university board of trustees, may transfer funds from one depository to another, within a depository, to another institution, or from another institution to a depository for investment purposes and may transfer funds to pay expenses, expenditures, or other disbursements, evidenced by an invoice or other appropriate documentation.
(7) The university board of trustees shall specifically designate and spread upon the minutes of the board the legal name and position title of any university employee authorized to sign checks to pay legal obligations of the university.
History.—s. 638, ch. 2002-387; s. 3, ch. 2003-3; s. 155, ch. 2007-217.
2023 Florida Statutes › Title XLVIII - Early Learning-20 Education Code › Chapter 1011 - Planning and Budgeting › Part I - Preparation, Adoption, and Implementation of Budgets (Ss. 1011.01-1011.59) › Subpart C - Universities: Preparation,Adoption, and Implementation of Budgets › 1011.43 - Investment of university agency and activity funds; earnings used for scholarships.

1011.43 Investment of university agency and activity funds; earnings used for scholarships.—Each university is authorized to invest available agency and activity funds and to use the earnings from such investments for student scholarships and loans. The university board of trustees shall provide procedures for the administration of these scholarships and loans by regulations.
History.—s. 639, ch. 2002-387; s. 25, ch. 2010-78.