The Fresno County Charter SELPA provides an annual financial report called the Treasurer's Report. This report is provided to the Chief Executive Officers' Council ("CEO") each year after FCSS has completed its unaudited actuals. This Treasurer's Report provides the prior year information for specific funds and includes the beginning balance, revenue, expenditures, and ending balance.

The following funds are reported in the Treasurer's Report:   

Charter SELPA Reserve
The SELPA maintains a SELPA-wide financial reserve sufficient to support unforeseen costs and to protect the fiscal solvency of the SELPA. All Charter LEAs contribute a one-time amount of $5 per current year AB 602 K-12 P-2 ADA in their first year of entry. Additionally, any recapture of unexpended state funds will be deposited into this reserve.

Use of the funds deposited in this reserve is at the discretion of the Executive Committee and will be determined on an annual basis. The intent of the funds is to offset potential SELPA funding decreases as a result of the action of a member, where there is no recourse to recover the funds from the member. 

Charter SELPA LEA Reserve - Legal Cost Pool
The SELPA maintains a financial reserve for Charter LEAs with unspent funds that are equal to, or greater than, 25%. The Charter LEA is moved to a reimbursement-based state funding cash flow, with the intent that the Charter LEA shall spend the prior year unspent funds first.

The SELPA shall establish a procedure and process to ensure monthly expenditure reporting by the Charter LEA, with timely distribution of cash when the Charter LEA has demonstrated eligibility by spending prior year carryover. Monthly cash flow payments would not exceed cash distributions under the monthly cash apportionment process.

If need is not demonstrated, based on the final expenditures reported, the funds are allocated the next year to the SELPA Legal Cost Pool.

Low Incidence
California Education Code Section 56836.22 provides funds to support special education and related services as required under the individualized education program for each pupil with low-incidence disabilities.

Low Incidence is defined in Section 56026.5 as a severe disabling condition with an expected incidence rate of less than one percent of the total statewide enrollment in kindergarten through grade 12. For purposes of this definition, severe disabling conditions are hearing impairments, vision impairments, and severe orthopedic impairments, or any combination thereof. For purposes of this definition, vision impairments do not include disabilities within the function of vision specified in Section 56338.

These funds are available for Charter LEA reimbursement for qualifying low incidence costs.