§ 112.31. Budgeting.
(a) Each intermediate unit shall budget and account for its activities under Act 89 within the program accounting system established by the Department. Annually, each intermediate unit shall submit to the Secretary of Education a preliminary budget on or before January 31, and a final budget on or before June 15 for the succeeding year; and shall file a final financial report on or before October 31 for the preceding year.
(b) The program budget shall set forth a program under which funds allocated to the intermediate units under § § 112.29 and 112.30 (relating to allocation of funds and distribution of funds) will be expended solely for purposes authorized by Act 89.
(c) The program budget plan shall include a detailed description of activities planned to accomplish the purposes mandated by Act 89. This description shall include, but is not limited to objectives, activities, affected student population, and amount of funds allotted to meet such objective.
(d) The intermediate unit shall not expend more than 6.0% of the allocation it receives for administration nor more than 18% for rental of facilities. Funds not expended for administration or rental may be used for Act 89 auxiliary services.
(e) The Department will not use for administrative purposes more than 1.0% of the funds appropriated for Act 89.
(f) Interest earned on the allocations by the intermediate units may be used only for the purposes enumerated in Act 89. The expenditure of interest monies is not governed by the percentage limitations listed in § 112.30 (relating to distribution of funds) and in this section.
(g) All unencumbered, unexpended funds at the intermediate units as of June 30 of the program year shall be refunded to the Department, no later than October 1 of the subsequent fiscal year.
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