The 2025‑26 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 20, 2024 - When the cap is operative, medium and large districts (those with more than 2,500 students) must limit their reserves to 10 percent of their annual expenditures. Smaller districts are exempt. The law also exempts reserves that are legally restricted to specific activities and reserves designated for specific purposes by a district’s governing board.
https://lao.ca.gov/Publications/Report/4940

The 2023-24 Budget: Equity Multiplier and Accountability Proposals

Feb 23, 2023 - M oving forward, the Legislature could consider changes that would streamline LCAPs so they are more accessible to families and communities, while moving key details to other more appropriate mediums.
https://lao.ca.gov/Publications/Report/4700

Follow-up Evaluation of the District of Choice Program

Feb 1, 2021 - The five districts with the greatest participation range from medium to large in size. All five are located in urban or suburban areas, and all are unified (enrolling students in grades K throug h 1 2).
https://lao.ca.gov/Publications/Report/4329

The 2022-23 California Spending Plan: Proposition 98

Oct 24, 2022 - The cap prohibits medium and large districts —those with more than 2,500 students —from holding general purpose reserves that exceed 10  percent of their annual expenditures. Districts can respond to the cap by designating their reserves for specific purposes, seeking exemptions from their county offices of education (COEs), or spending down their reserves.
https://lao.ca.gov/Publications/Report/4641