CEA(LEGAL) -

Definition

Declaring a Financial Exigency

A decrease of more than 20 percent in unassigned General Fund balance per student in weighted average daily attendance over the past two years or a projected reduction of 20 percent compared to the current year;

A decline in enrollment by more than ten percent over the past five years;

A reduction of more than ten percent in total General Fund total funding per student in weighted average daily attendance or a projected reduction of ten percent compared to the current year;

An unforeseen natural disaster requiring significant expenditures for repair or remediation in excess of 15 percent of the current year General Fund budget;

An unanticipated major expense, including significant repair costs; litigation expenses, excluding lawsuits against the state; or tax refunds in excess of 15 percent of the current year General Fund budget; or

Any other circumstances approved in writing by the Commissioner.

Expiration and Continuation of Declaration

Termination of Declaration

Notice to the Commissioner

Education Code 44.011; 19 TAC 109.2001

Woodville ISD

CEA(LEGAL)-P

UPDATE 93

DATE ISSUED: 2/20/2012