It’s always good to keep up on Ed Code and State Allowances.
Section 41010 of the Education Code requires local educational agencies (LEAs) to follow the definitions, instructions, and procedures in the California School Accounting Manual. The manual provides accounting policies and procedures, as well as guidance in implementing those policies and procedures, which include:
Basis of accounting
Revenue and expenditure recognition
Fund types
Types of transactions
Methods of posting transactions, including adjusting entries
Documentation required to substantiate certain transactions
Year-end closing process, including the recording of accruals and deferrals
CALIFORNIA SCHOOL ACCOUNTING MANUAL 2019 EDITION