June 26-27
June 27, 2014
Presentation
Constitutional Law
Budget Law
Judicial Council
Encumbrances
Contract Law
Fiscal Year
Financial Regulation
Public Finance
Government Policy
State Funds
Accounting Standards
Budgeting
Body
The Trial Court Budget has a 1% fund balance cap, and encumbrances must be validated by June 30th. Contracts must have defined deliverables or specific costs, and cannot exceed three years. Unused funds above the cap will revert to the original state fund at the end of the contract. The fund balance should not be used for ongoing expenses, except in rare cases for structural changes. Encumbrances must be liquidated within the current fiscal year plus two subsequent fiscal years.
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