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 must report 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Key changes include the removal of outdated language regarding deadlines and the introduction of new requirements for budget forms to outline expenditures for salaries and wages across different employee categories. The bill mandates that all budget forms be available in electronic format to facilitate easier filing and compliance. Furthermore, it emphasizes the need for school districts to publish their budget summaries and financial data on their websites, enhancing public access to financial information. The existing sections of the law that are being amended will be repealed, streamlining the legal framework governing school district financial reporting.

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