SB 140

AN ACT concerning school districts; relating to school district budgeting and accounting; requiring school district budgets to include expenditures and the actual amount budgeted for the current, preceding and second preceding years; requiring such information to be reported at the object-level; requiring the board of education of a school district to prepare and include a report when an item's expenditure deviates by 10% or more from the actual amount budgeted for such item or when the amount budgeted for an item in the ensuing year deviates by 10% or more from the amount expended upon such item in the current year; requiring any such report to be published by the school district and the state department of education; requiring school districts to account for expenditures at the object level and further account for expenditures at the sub-object level when possible; amending K.S.A. 79-2926, 79-2927 and 79-2927a and K.S.A. 2024 Supp. 72-1167 and repealing the existing sections.