Washington HB2593 mandates school districts to maintain a minimum fund balance and submit monthly financial data to the superintendent of public.

Washington HB2593 introduces new requirements for school districts' accounting, budgeting, and reporting. It mandates that each school district board of directors include a minimum fund balance restriction within their general fund, with specific percentages based on student enrollment. The office of the superintendent of public instruction calculates these minimums and must approve any plans to restore fund balances. Additionally, school districts must submit monthly financial data, including expenditures, revenue, and cash balances, to the superintendent.

Washington HB2593 mandates school districts to maintain a minimum fund balance and submit monthly financial data to the superintendent of public.

Washington HB2593 introduces new requirements for school districts' accounting, budgeting, and reporting. It mandates that each school district board of directors include a minimum fund balance restriction within their general fund, with specific percentages based on student enrollment. The office of the superintendent of public instruction calculates these minimums and must approve any plans to restore fund balances. Additionally, school districts must submit monthly financial data, including expenditures, revenue, and cash balances, to the superintendent.