A bill requiring school districts to report their fund balances at the end of each month in the fiscal year for the general, capital outlay, pension and special education funds was unanimously passed by the House of Representatives.
Rep. Jacqueline Sly, House Bill 1148’s main sponsor, said the bill captures the “ebb and flow” of a school district’s fund balances instead of just the “one-time picture at the end of the fiscal year” currently reported.
During HB 1148’s committee hearing, ASBSD Executive Director Wade Pogany testified “school boards are OK” with the bill because it would provide a more fair review of school districts’ fund balance instead of the one-time review provided now.
ASBSD supports the bill, which now moves to the Senate for review.
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