R277-735-5. Fiscal Procedures

  (1) An inmate receiving educational services by or through a school district shall be a student of that school district for funding purposes.

  (2) The Superintendent shall allocate state corrections education funds to school districts on the basis of annual applications.

  (3) A program receiving funds approved for a corrections education project shall only expend funds for the purposes described in the respective funding application.

  (4) Education Contracts funds used for corrections education shall be subject to Board accounting, auditing and budgeting rules and policies.

  (5) Ten percent or $50,000, whichever is less, of state funds designated for corrections education not expended in the current fiscal year may be carried over and spent by a school district in the next fiscal year with written approval from the Superintendent.

  (6) The Superintendent shall establish a timeline for submission and approval of school district budgets and carry over requests.

  (7)(a) The Superintendent may consider excess funds in determining a school district's allocation for the next fiscal year.

  (b) The Superintendent shall recapture fund balances in excess of 10 percent or $50,000 annually no later than February 1 and reallocate funds to school district corrections education programs through the supplemental award process based on need and effort consistent with R277-733.