Basis and Purpose for Rule Change to CVA 7.3

This request for Board approval of a Rule change is a prelude to the legal process to amend the Rules of the Colorado Vocational Act (CVA).  The proposed Rule change allows the final financial reporting deadline to be moved from August 1 to September 1 beginning fiscal year 2008-09.  (Section 7.3 of the CVA Rules and Regulations) This rule change stems from requests from the Colorado school districts.

Currently, Section 7.3 states the deadline for districts to send in required final financial reports for CVA funding is August 1.  At the request of the school districts, CCCS is changing the deadline to September 1.  Due to the change in the deadline, the first quarter payment will be combined with the second quarter payment, dispersed on or about December 31.