R277-708-4. Fiscal Procedures

  (1) An LEA shall submit its application to the Superintendent annually by November 1 through the Board's grant management system.

  (2) The Superintendent shall distribute available funds to LEAs with an approved application monthly based on a one-twelfth distribution beginning on July 1.

  (3) Except as provided in Subsection (5)(a), an LEA shall spend all allocated funds annually by June 30.

  (4) An LEA that accepts funds for Enhancement for At-Risk Students intervention services shall be subject to Board accounting, auditing, and budgeting rules and policies.

  (5)(a) With written approval from the Superintendent, an LEA may carry over and spend up to ten percent of state Enhancement for At-Risk Student funds in the next fiscal year.

  (b) An LEA shall submit a request to carry over funds under Subsection (5)(a) to the Superintendent annually.

  (c) An LEA shall detail approved carry over amounts in a revised budget submitted with the LEA's application described in Subsection (1) and through the Board's grant management system.

  (d) The Superintendent shall review and approve a revised budget submitted under Subsection (5)(c) no later than December 1 in the year submitted.