§ 98.0430 — Fund Accounts and Reports

§98.0430 Fund Accounts and Reports

Any school district receiving funds pursuant to this Division shall maintain a separate account for any fees paid, and shall file a report with the City Council on the balance in the account at the end of the previous fiscal year; the facilities leased, purchased, or constructed during the previous fiscal year; and the dedication of land during the previous fiscal year. The report shall also identify any apportionment of funds received by the district pursuant to the State School Building Lease–Purchase Law of 1976. In addition, the report shall specify which attendance areas will continue to be overcrowded when the fall term begins and where conditions of overcrowding will no longer exist. The report shall be filed by October 15 of each year and shall be filed more frequently at the request of the City Council. The City Council may approve a 30–day extension for the filing of the report in the case of extenuating circumstances, as determined by the City Council. During the time that the report has not been filed in the manner prescribed in this section, there shall be a waiver of any performance of the payment of fees or the dedication of land.

(“Fund Accounts and Reports” added 11–18–1985 by O–16541 N.S.)