The bill amends existing Kansas laws regarding school district budgeting and accounting, specifically K.S.A. 79-2926 and K.S.A. 2024 Supp. 72-1167. It requires school district budget forms and summaries to include all expenditures of bond proceeds, ensuring transparency in financial reporting. The definition of "budget summary" is expanded to include various financial metrics, such as total expenditures by category, enrollment figures, and mill rates. Additionally, school districts are mandated to report on all construction activities financed by bonds that have not matured, detailing revenue receipts and expenditures related to these projects.

Key changes include the removal of certain phrases, such as "and after July 1, 2012," and "pupil," to streamline the language and update the reporting requirements. The bill also emphasizes the need for a uniform reporting system developed by the state board of education, which will facilitate the recording and reporting of financial data by school districts. Furthermore, it mandates that all budget forms be available in electronic format to enhance accessibility and compliance. The existing sections of the law that are being amended will be repealed, and the act will take effect upon publication in the statute book.

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