Excess Funds in Employee Benefit Accrued Liability Reserves (EBALR) - Report to the New York State Legislature

Release Date

School districts can use EBALR moneys to make cash payments to employees for accrued leave time due to them when they leave school district employment. OSC certified the excess EBALR funds that school districts had reserved, but could not legally use, so district officials could put these moneys to productive use to pay for operating costs.