CHAPTER 1. State Financial Management and Control [41000. - 41060.]

Chapter 1 enacted by Stats. 1976, Ch. 1010.

§§ 41000–41060 · 41 sections

1. ARTICLE 1. Moneys Received by School Districts §§ 41000–41003 · 5 sections

   • § 41000 No assessor, tax collector, city, city and county, or county treasurer shall charge or receive any fees or compensation for assessing, collecting, receiving,…
   • § 41001 The governing board of every school district shall pay all moneys received or collected by it from any source and all moneys apportioned to it from taxes…
   • § 41002 All moneys received by any school district or paid into the county or city and county treasury to the credit of the district from state apportionments, county,…
   • § 41002.5 Notwithstanding Sections 41001 and 41002, money received from the sources, or for the purposes listed in subdivisions (a) to (h), inclusive, may be deposited…
   • § 41003 The governing board of a school district may, by resolution, specify the particular fund or funds maintained for the district into which shall be deposited…
2. ARTICLE 2. Accounting Regulations, Budget Controls and Audits §§ 41010–41024 · 23 sections

   • § 41010 The accounting system used to record the financial affairs of any school district shall be in accordance with the definitions, instructions, and procedures…
   • § 41011 The accounting system used to record the financial affairs of any school district shall be designed to provide separate recording and clear distinction between…
   • § 41011.1 (a) The accounting system used to record the financial affairs of any local educational agency shall be designed to provide a separate accounting of…
   • § 41012 For purposes of determining allowances pursuant to Chapter 8 (commencing with Section 52200) of Part 28, and Chapter 3 (commencing with Section 56500) and…
   • § 41013 For the purpose of achieving clarity and uniformity in the budgeting and reporting of school district expenditures by funds, whenever certain expenditures for…
   • § 41014 Excepting only as provided in Article 1 (commencing with Section 41000) and this article, all constitutional and statutory limitations on the purposes for…
   • § 41015 The governing board of any school district or any county office of education which has funds in a special reserve fund of the district or county office of…
   • § 41016 The governing board of a school district which has made an investment pursuant to the authority of Section 41015 may deposit such security for safekeeping with…
   • § 41017 The governing board of any school district or any county office of education may authorize any school district governed by it, or any school under its…
   • § 41018 The governing board of any school district or any county office of education having an average daily attendance of 100,000 or more may deposit in one or more…
   • § 41019 The governing board of any school district which maintains clearing accounts, cafeteria accounts, and other accounts in a bank or banks, pursuant to Section…
   • § 41020 (a) It is the intent of the Legislature to encourage sound fiscal management practices among local educational agencies for the most efficient and effective…
   • § 41020.1 Reports of audits previously filed with the county clerk pursuant to Section 41020 shall be disposed of by the county clerk or returned to the respective…
   • § 41020.2 (a) (1) If the governing board of a school district or educational joint powers authority has entered into a contract for an independent audit of its financial…
   • § 41020.3 (a) Within 45 days after the issuance of an audit report, the governing board or body of each local educational agency shall review, at a public meeting, the…
   • § 41020.5 (a) (1) If the Controller determines by two consecutive quality control reviews pursuant to Section 14504.2, or if the Superintendent, a chartering authority,…
   • § 41020.6 (a) Commencing with the 2027–28 fiscal year Guide for Annual Audits of K–12 Local Education Agencies and State Compliance Reporting, the Controller shall…
   • § 41020.8 (a) Notwithstanding any other law, the auditor conducting an annual audit pursuant to Section 41020 shall, upon request, provide pertinent financial and…
   • § 41020.9 (a) Notwithstanding Section 41020, for the 2019–20 fiscal year, a local educational agency shall provide for an audit by July 15, 2020, and if a local…
   • § 41021 The governing board of every school district shall require each employee of the district, whose duty it is to handle funds of the district, and may, in its…
   • § 41022 Except as provided in this section, any election held for the purpose permitting a school district to exceed the expenditure of school district funds fixed by…
   • § 41023 (a) Any agency organized pursuant to Article 1 (commencing with Section 6500) of Chapter 5 of Division 7 of Title 1 of the Government Code, the parties of…
   • § 41024 (a) (1) Commencing April 1, 2017, a local educational agency that receives any funds pursuant to the Leroy F. Greene School Facilities Act of 1998 (Chapter…
3. ARTICLE 3. Foundation Fund §§ 41030–41038 · 9 sections

   • § 41030 Any school district which receives bequests or gifts of money which is surplus money not required for the immediate necessities of the district may invest it…
   • § 41031 Any gift or bequest of money which is to be invested pursuant to this article shall be placed in a district special fund in the county treasury, to be…
   • § 41032 (a) The governing board of any school district may accept on behalf of, and in the name of, the district, gifts, donations, bequests, and devises that are made…
   • § 41033 The governing board of a school district which has placed funds in the Foundation Fund is hereby authorized to invest all or any part of those funds as it…
   • § 41034 The governing board of a school district may deposit such securities, warrants, or instruments purchased under Section 41033 for safekeeping pursuant to…
   • § 41035 The governing board of a school district that invests money of the Foundation Fund pursuant to this article shall appoint an advisory committee equal in number…
   • § 41036 The advisory committee shall advise the governing board as to the investments to be made pursuant to this article.
   • § 41037 The governing board shall adopt rules and regulations to effectuate the purposes of this article, not inconsistent with law.
   • § 41038 Except as may be otherwise provided in this article, other provisions of this chapter shall be applicable to the money placed in the Foundation Fund pursuant…
4. ARTICLE 4. Miscellaneous Provisions §§ 41050–41060 · 4 sections

   • § 41050 “County” or “counties” includes a city and county as specified in Section 92.
   • § 41052 Whenever the assessed valuation of a school district is reduced as a result of the operation of Section 992 of the Revenue and Taxation Code, the school…
   • § 41053 Where a reference is made to “adults” in this division in the context of apportionments to school districts or county superintendents of schools, the reference…
   • § 41060 (a) The enactment of Article XIIIA of the California Constitution by the voters of California at the June 6, 1978, primary election severely reduced the…