§ 731.1. Technical assistance.

 The Department of Education will follow the process outlined as follows in identifying, notifying and providing technical assistance to school districts:

   (1)  Compile and maintain data and current information on the financial condition of school districts.

   (2)  Regularly analyze the financial condition of school districts.

   (3)  Identify school districts potentially subject to being identified as in financial watch status and therefore eligible to receive technical assistance from the Department.

     (i)   Level 1 Analysis—Early Warning System Components.

     (ii)   Level 2 Analysis—School district-provided current financial data.

     (iii)   Level 3 Analysis—Determination of financial watch status.

   (4)  Officially notify school districts in financial watch status and request additional information, if necessary, to conduct reviews of the financial condition of school districts.

   (5)  Provide technical assistance to school districts in financial watch status.

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