Schools & School Boards – Budget Amendment – Local Current Expense Fund – Charter Schools – Restricted Funds – Year-End TransferLearning Center/Ogden School, Inc. v. Cherokee County Board of Education Even though the defendant-school board waited until near the end of its fiscal year to transfer restricted funds out of its local current expense fund and into a special fund, and even if the restricted funds had already been spent, the transfer allowed the school board to reduce the amount it was required to transfer to the plaintiff-charter school.
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Published: November 20, 2012
Time posted: 11:33 am