The carryover provision that allows a portion of unexpended funds for a given year to remain in the account and be available for use in subsequent years is a critical design feature. (educationnext.org)
«The district's practice of consistently appropriating fund balance that was not needed to finance operations, in effect, circumvented the statutory limitation of unexpended surplus fund balance to no more than 4 percent of the ensuing year's appropriations.» (suffolktimes.timesreview.com)
In 2010 - 11, the district had a 1 percent unexpended surplus fund balance totaling $ 149,450, the report states. (suffolktimes.timesreview.com)