Nebraska Administrative Code › Topic - EDUCATION, DEPARTMENT OF › Title 92 - NEBRASKA DEPARTMENT OF EDUCATION › Chapter 8 - SCHOOL FINANCE & BUDGETING/STATE FUNDING OF EDUCATIONAL SERVICE UNITS AND LEARNING COMMUNITIES › Section 92-8-005 - Budgeting

Current through June 17, 2024
005.01
General
				Requirements
Each school district shall submit a duplicate copy of its
				  budget statement to the Department. The Department may verify any data used to
				  meet the requirements of the Tax Equity and Educational Opportunities Support
				  Act. The Auditor of Public Accounts shall review each district budget statement
				  for statutory compliance, make necessary changes in the budget documents for
				  districts to effectuate the budget limitations imposed pursuant to sections
				  79-1023
				  to
				  79-1030
				  R.R.S. and notify the Commissioner of Education (a) of any districts failing to
				  submit to the Department or the Auditor the budget documents required by the
				  date established in subsection (1) of section
				  13-508
				  R.R.S. or failing to make any corrections of errors in the documents pursuant
				  to section
				  13-504
				  R.R.S. and (b) of any Class I district failing to submit the items required by
				  such subsection to its high school districts by the date established in section
				  79-1083.03
				  R.R.S.
005.01A
Failure to
				Submit Budget Documents:
005.01A1 If a school district fails to submit
				to the Department or the Auditor the budget documents required pursuant to
				subsection (1) of section
				79-1024
				R.R.S. by the date established in subsection (1) of section
				13-508
				R.R.S. or fails to make any corrections of errors in the documents pursuant to
				section
				13-504
				R.R.S. or a Class I district fails to submit the items required by
				79-1024(1) R.R.S. to
				its high school districts by the date established in section
				79-1083.03
				R.R.S., the Commissioner, upon notification from the Auditor or upon his or her
				own knowledge that the required budget document and any required corrections of
				errors from any school district have not been properly filed in accordance with
				the Nebraska Budget Act and after notice to the district and an opportunity to
				be heard, shall direct that any State Aid granted pursuant to the Tax Equity
				and Educational Opportunities Support Act be withheld until such time as the
				required budget documents or corrections of errors are received by the Auditor
				and the Department. In addition, the Commissioner shall direct the county
				treasurer to withhold all school money belonging to the school district until
				such time as the Commissioner notifies the county treasurer of receipt of the
				required budget documents or corrections of errors.
005.01A2 If the school district does not
				comply with section
				79-1024
				R.R.S. prior to the end of the state biennium following the biennium which
				included the fiscal year for which State Aid was calculated, the State Aid
				funds shall revert to the General Fund. The amount of any reverted funds shall
				be included in data provided to the Governor in accordance with section
				79-1031
				R.R.S. The board of any district failing to submit to the Department or the
				Auditor the budget documents required by the date established in subsection (1)
				of section
				13-508
				R.R.S., or failing to make any corrections of errors in the documents pursuant
				to section
				13-504
				R.R.S., or the board of a Class I district failing to submit the items required
				by such subsection to its high school districts by the date established in
				section
				79-1083.03
				R.R.S., shall be liable to the school district for all school money which such
				district may lose by such failing.