LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 20, 2015 TO: Honorable Jimmie Don Aycock, Chair, House Committee on Public Education FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB925 by Guillen (Relating to the balance maintained in a school district's general fund and associated requirements regarding the general fund.), As Introduced No significant fiscal implication to the State is anticipated. The bill would require school districts to maintain a minimum balance in the district's general fund and annually publicly report the intended use of funds in excess of the specified percentage of the district's annual operating expenditures. Additionally, the bill would require the board of trustees of each school district to adopt a policy regarding the operation of the general fund and the minimum balance to be maintained by the district. Local Government Impact No significant fiscal implication to units of local government is anticipated. There may be some administrative costs to districts to annually report plans for any amounts in excess of minimum required fund balances. Source Agencies:701 Central Education Agency LBB Staff: UP, JBi, BW
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 20, 2015
TO: Honorable Jimmie Don Aycock, Chair, House Committee on Public Education FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB925 by Guillen (Relating to the balance maintained in a school district's general fund and associated requirements regarding the general fund.), As Introduced
TO: Honorable Jimmie Don Aycock, Chair, House Committee on Public Education
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB925 by Guillen (Relating to the balance maintained in a school district's general fund and associated requirements regarding the general fund.), As Introduced
Honorable Jimmie Don Aycock, Chair, House Committee on Public Education
Honorable Jimmie Don Aycock, Chair, House Committee on Public Education
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB925 by Guillen (Relating to the balance maintained in a school district's general fund and associated requirements regarding the general fund.), As Introduced
HB925 by Guillen (Relating to the balance maintained in a school district's general fund and associated requirements regarding the general fund.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would require school districts to maintain a minimum balance in the district's general fund and annually publicly report the intended use of funds in excess of the specified percentage of the district's annual operating expenditures. Additionally, the bill would require the board of trustees of each school district to adopt a policy regarding the operation of the general fund and the minimum balance to be maintained by the district.
Local Government Impact
No significant fiscal implication to units of local government is anticipated. There may be some administrative costs to districts to annually report plans for any amounts in excess of minimum required fund balances.
Source Agencies: 701 Central Education Agency
701 Central Education Agency
LBB Staff: UP, JBi, BW
UP, JBi, BW