Texas 2017 - 85th Regular

Texas Senate Bill SB1605 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1		By: Creighton S.B. No. 1605
	2	+	(In the Senate - Filed March 9, 2017; March 21, 2017, read
	3	+	first time and referred to Committee on Education; May 9, 2017,
	4	+	reported adversely, with favorable Committee Substitute by the
	5	+	following vote: Yeas 10, Nays 1; May 9, 2017, sent to printer.)
	6	+	Click here to see the committee vote
	7	+	COMMITTEE SUBSTITUTE FOR S.B. No. 1605 By: Huffines
2	8
3	9
4	10		A BILL TO BE ENTITLED
5	11		AN ACT
6	12		relating to the availability of certain school district financial
7	13		information on certain districts' Internet websites.
8	14		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
9	15		SECTION 1. Chapter 44, Education Code, is amended by adding
10	16		Subchapter D to read as follows:
11	17		SUBCHAPTER D. FINANCIAL DISCLOSURE
12	18		Sec. 44.101. APPLICABILITY. This subchapter applies only
13	19		to a school district that is ranked among the 50 highest in student
14	20		enrollment, as determined by the commissioner.
15	21		Sec. 44.102. FINANCIAL DISCLOSURE. (a) A school district
16	22		shall maintain on the district's Internet website an electronic
17	23		database of district finances. The database must include:
18	24		(1) for the immediately preceding fiscal year:
19	25		(A) total expenditures as a dollar amount and a
20	26		dollar amount per student in average daily attendance;
21	27		(B) total revenue as a dollar amount and a dollar
22	28		amount per student in average daily attendance;
23	29		(C) total revenue from property taxes as a dollar
24	30		amount and a dollar amount per student in average daily attendance;
25	31		and
26	32		(D) the total number of full-time equivalent
27	33		positions for the district;
28	34		(2) a graphical representation of the district's
29	35		operating and debt service funds, including:
30	36		(A) the total budgeted allocation and per student
31	37		in average daily attendance allocation by function and major object
32	38		for the current school year; and
33	39		(B) the actual revenues and expenditures by
34	40		function and major object for each of the four preceding fiscal
35	41		years;
36	42		(3) the district's annual financial report for the
37	43		preceding five fiscal years;
38	44		(4) in a searchable electronic format:
39	45		(A) the transaction register for each district
40	46		checking account, including for each check written from a district
41	47		checking account:
42	48		(i) the transaction amount;
43	49		(ii) the name of the payee;
44	50		(iii) the date the check was issued; and
45	51		(iv) a statement of the purpose of the
46	52		expenditure for which the check was written; and
47	53		(B) a board financial report, updated at least
48	54		quarterly, comparing revenues and expenditures with:
49	55		(i) the adopted and amended budget; and
50	56		(ii) revenues and expenditures from the
51	57		preceding fiscal year;
52	58		(5) a visualization chart depicting district
53	59		financial data trends for the preceding five fiscal years that
54	60		shows for each fiscal year:
55	61		(A) total expenditures per student in average
56	62		daily attendance;
57	63		(B) total revenue per student in average daily
58	64		attendance; and
59	65		(C) the district property tax rate expressed in
60	66		dollars per $100 valuation;
61	67		(6) contact information for the district and members
62	68		of the board of trustees of the district; and
63	69		(7) a link to a web page maintained by the district
64	70		that provides instructions for submitting a request for information
65	71		under Chapter 552, Government Code.
66	72		(b) The district's annual financial report for the current
67	73		fiscal year must be posted not later than the first anniversary of
68	74		the end of the fiscal year.
69	75		(c) A school district shall:
70	76		(1) update the electronic checking account
71	77		transaction register at least once each month, not later than the
72	78		30th day after the closing date of the most recent monthly statement
73	79		for the checking account;
74	80		(2) maintain each transaction or listing in the
75	81		electronic checking account transaction register on the district's
76	82		Internet website until at least the third anniversary of the date of
77	83		the transaction or listing; and
78	84		(3) for each fiscal year that transactions and
79	85		listings are included in the electronic checking account
80	86		transaction register, group together the transactions and listings
81	87		by fiscal year.
82	88		SECTION 2. This Act takes effect September 1, 2018.
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