SB6326 establishes accounting, budgeting, and reporting requirements for school districts in Washington.

SB6326 mandates that school districts maintain a minimum fund balance within their general fund, calculated by the Office of the Superintendent of Public Instruction. It specifies allowable uses for fund balance resources, including addressing enrollment changes, temporary cash flow needs, emergencies, and one-time contributors. The bill also requires monthly financial data submissions to the Office of the Superintendent of Public Instruction, with penalties for non-compliance.

SB6326 establishes accounting, budgeting, and reporting requirements for school districts in Washington.

SB6326 mandates that school districts maintain a minimum fund balance within their general fund, calculated by the Office of the Superintendent of Public Instruction. It specifies allowable uses for fund balance resources, including addressing enrollment changes, temporary cash flow needs, emergencies, and one-time contributors. The bill also requires monthly financial data submissions to the Office of the Superintendent of Public Instruction, with penalties for non-compliance.