Kansas Statutes 71-611. Definitions; operating expenses; legally adopted budget; general fund
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Terms Used In Kansas Statutes 71-611
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Property: includes personal and real property. See Kansas Statutes 77-201
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
(a) “Operating expenses” means the total expenditures and lawful transfers from the general fund of a community college during a fiscal year for all purposes.
(b) “Legally adopted budget of operating expenses” means the amount legally authorized and budgeted for operating expenses in the general fund of a community college.
(c) “General fund” means the fund of a community college from which operating expenses are paid and, subject to the provisions of Kan. Stat. Ann. § 71-613a, and amendments thereto, to which all amounts of state entitlements, property taxes for general purposes, student tuition, and other moneys provided for by law are credited.