This bill amends existing laws regarding school district budgeting and accounting in Kansas. It mandates that school district budgets must include detailed expenditures and the actual amounts budgeted for the current, preceding, and second preceding years, reported at the object level. Additionally, if any item's expenditure deviates by 10% or more from the budgeted amount, or if the budgeted amount for the ensuing year deviates by 10% or more from the current year's expenditure, the board of education must prepare a report explaining the deviation. This report must be published by both the school district and the state department of education. The bill also requires school districts to account for expenditures at both the object and sub-object levels when possible.

Furthermore, the bill amends several sections of the Kansas Statutes, including K.S.A. 79-2926, 79-2927, and 79-2927a, and repeals existing sections that are replaced by the new provisions. It emphasizes the importance of transparency in school district financial reporting by requiring the publication of budget summaries and detailed expenditure reports on school district websites and the state department of education's website. The changes aim to enhance accountability and provide clearer financial information to the public regarding school district operations.

Statutes affected:
As introduced: 79-2926, 79-2927, 79-2927a, 72-1167, 72-1181