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BCSC official outlines legal limits on using education fund, transfer cap 15%
Summary
Assistant Superintendent Brett Bozeman said Indiana law restricts education fund spending to instructional items and caps transfers to the operations fund at 15%; BCSC typically transfers about 7% annually.
Bozeman told viewers that Indiana law restricts education fund dollars to student instruction and learning, covering teacher and principal salaries, curriculum, and classroom-level instructional costs. "By statute, this money is restricted to expenses tied to student instruction and learning," he said.
He explained school boards may transfer education fund dollars to the operations fund under a statutory cap: "state law caps how much money can move from the educational fund into the operations fund each year at 15%." Such transfers must be publicly approved and reported to the state; Bozeman said BCSC transfers around 7% each year.
