Source: https://app.leg.wa.gov/wac/default.aspx?cite=392-125&full=true
Timestamp: 2020-01-19 14:36:35
Document Index: 666973490

Matched Legal Cases: ['§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392', '§ 392']

Chapter 392-125 WAC:
WACs > Title 392 > Chapter 392-125
Chapter 392-125 WAC
FINANCE—EDUCATIONAL SERVICE DISTRICT BUDGETING
HTMLPDF 392-125-003 Authority.
HTMLPDF 392-125-005 Purposes.
HTMLPDF 392-125-010 Principles of accounting.
HTMLPDF 392-125-011 Basis of budgeting and accounting.
HTMLPDF 392-125-012 Definitions—Revenue, accrual basis expenditures, cash basis expenditures, appropriation, and disbursements.
HTMLPDF 392-125-014 Educational service district fiscal year.
HTMLPDF 392-125-015 Budgets required.
HTMLPDF 392-125-020 Budget preparation, hearing and adoption.
HTMLPDF 392-125-025 Budget approval.
HTMLPDF 392-125-026 July and August 1991 budget.
HTMLPDF 392-125-027 Time schedule for July and August 1991 budget process.
HTMLPDF 392-125-030 Time schedule for fiscal year 1991-1992 budget process and for every fiscal year thereafter.
HTMLPDF 392-125-035 Budget content.
HTMLPDF 392-125-036 Core services funding formula.
HTMLPDF 392-125-040 Overexpending and exceeding the budget.
HTMLPDF 392-125-045 A balanced budget.
HTMLPDF 392-125-050 Termination of appropriations.
HTMLPDF 392-125-054 Budget transfers.
HTMLPDF 392-125-055 Budget extensions.
HTMLPDF 392-125-060 Monthly budget status report.
HTMLPDF 392-125-065 Content of the monthly budget status.
HTMLPDF 392-125-070 Approval of the budget by the superintendent of public instruction.
HTMLPDF 392-125-080 Contractual liability extending beyond end of fiscal period.
HTMLPDF 392-125-085 Financial reports submitted to superintendent of public instruction.
HTMLPDF 392-125-100 Interfund loans—Definition.
HTMLPDF 392-125-105 Interfund loans allowable.
HTMLPDF 392-125-110 Interfund loans—Identification of temporary loans.
HTMLPDF 392-125-120 Interfund loans—Payment of interest.
HTMLPDF 392-125-130 Interfund loans—Full disclosure on financial statements.
HTMLPDF 392-125-140 Interfund loans—Board resolution adopted—Contents.
392-125-075 Distribution of county funds when county contains parts of two or more educational service districts. [Order 8-76, § 392-125-075, filed 7/23/76; Order 7-75, § 392-125-075, filed 12/22/75. Formerly WAC 392-31-150.] Repealed by WSR 81-19-007 (Order 81-19), filed 9/4/81. Statutory Authority: RCW 28A.21.135.
PDF392-125-003
The authority for this chapter is RCW 28A.310.330 which authorizes the superintendent of public instruction to promulgate rules and regulations for the adoption of budgeting procedures for educational service districts modeled after the statutory procedure for school districts.
[Statutory Authority: 1990 c 33. WSR 90-16-002 (Order 18), § 392-125-003, filed 7/19/90, effective 8/19/90. Statutory Authority: RCW 28A.21.135. WSR 84-13-022 (Order 84-12), § 392-125-003, filed 6/13/84.]
PDF392-125-005
The purposes of this chapter are to implement RCW 28A.310.330 through 28A.310.460 and establish budgeting procedures governing educational service districts.
[Statutory Authority: 1990 c 33. WSR 90-16-002 (Order 18), § 392-125-005, filed 7/19/90, effective 8/19/90. Statutory Authority: RCW 28A.21.135 et seq. WSR 79-07-005 (Order 1-79), § 392-125-005, filed 6/7/79; Order 8-76, § 392-125-005, filed 7/23/76; Order 7-75, § 392-125-005, filed 12/22/75. Formerly WAC 392-31-010.]
PDF392-125-010
In all cases, the budgeting and accounting systems of educational service districts shall be governed by generally accepted accounting principles modified where necessary by statute and/or this chapter. The Accounting Manual for Educational Service Districts shall govern the accounting system of educational service districts and is hereby incorporated into this chapter by this reference. Prior to any revision thereof, the superintendent of public instruction shall publish notice of such proposed action and shall hold at least one public hearing.
[Statutory Authority: Chapter 28A.150 RCW. WSR 05-17-177, § 392-125-010, filed 8/23/05, effective 9/23/05. Statutory Authority: RCW 28A.21.135. WSR 81-19-007 (Order 81-19), § 392-125-010, filed 9/4/81; Order 8-76, § 392-125-010, filed 7/23/76; Order 7-75, § 392-125-010, filed 12/22/75. Formerly WAC 392-31-020.]
PDF392-125-011
Revenue and expenditures shall be recognized on the accrual basis.
[Statutory Authority: RCW 28A.21.135. WSR 84-13-022 (Order 84-12), § 392-125-011, filed 6/13/84; WSR 81-19-007 (Order 81-19), § 392-125-011, filed 9/4/81.]
PDF392-125-012
PDF392-125-014
Educational service district fiscal year.
The following fiscal years shall be established for educational service districts and shall apply to all governmental, proprietary, and fiduciary fund entities, including all account groups under the jurisdiction of the educational service district board of directors:
There shall be a twelve-month fiscal period of July 1, 1990, through June 30, 1991, for the 1990-1991 fiscal year.
For July and August 1991 there shall be a two-month fiscal period with a budget for this two-month period to be prepared by May 10, 1991.
For fiscal year 1991-1992 there shall be a twelve-month fiscal period beginning September 1, 1991, and ending on August 31, 1992, with a budget to be prepared by July 10, 1991.
For every fiscal year thereafter, a twelve-month fiscal period shall begin on September 1 and end on August 31 with an annual budget to be prepared by July 10th.
[Statutory Authority: RCW 28A.310.330. WSR 91-07-063 (Order 91-05), § 392-125-014, filed 3/20/91, effective 4/20/91.]
PDF392-125-015
Budgets required.
Each educational service district shall prepare in accordance with this chapter and instructions from the superintendent of public instruction a complete general expense fund budget for each fiscal year of operation. An incomplete budget shall be considered null and void and shall not be an appropriation. The annual budget shall be prepared in the format prescribed by the superintendent of public instruction which will reflect the approved core funding formula pursuant to WAC 392-125-036, and shall receive all necessary approvals, and shall be filed with the proper officials in order to constitute an official budget and appropriation for each fiscal year. The superintendent may require a second or revised budget at any time the financial situation is deemed to warrant a revised budget.
[Statutory Authority: RCW 28A.310.330. WSR 91-07-063 (Order 91-05), § 392-125-015, filed 3/20/91, effective 4/20/91. Statutory Authority: RCW 28A.21.135. WSR 85-15-111 (Order 85-4), § 392-125-015, filed 7/24/85; WSR 81-19-007 (Order 81-19), § 392-125-015, filed 9/4/81. Statutory Authority: RCW 28A.21.135 et seq. WSR 79-07-005 (Order 1-79), § 392-125-015, filed 6/7/79; Order 8-76, § 392-125-015, filed 7/23/76; Order 7-75, § 392-125-015, filed 12/22/75. Formerly WAC 392-31-030.]
PDF392-125-020
PDF392-125-025
The superintendent of public instruction shall revise and fix the annual budget of each educational service district, establish the appropriation and return one approved copy of the budget to the district.
[Statutory Authority: RCW 28A.310.330. WSR 91-07-063 (Order 91-05), § 392-125-025, filed 3/20/91, effective 4/20/91. Statutory Authority: RCW 28A.21.135. WSR 84-13-022 (Order 84-12), § 392-125-025, filed 6/13/84; Order 8-76, § 392-125-025, filed 7/23/76; Order 7-75, § 392-125-025, filed 12/22/75. Formerly WAC 392-31-050.]
PDF392-125-026
July and August 1991 budget.
In order to implement a change in fiscal years, a short fiscal period shall exist from July 1, 1991, through August 31, 1991.
(1) Budgets for the period July 1, 1991, through August 31, 1991, shall be prepared and adopted in the format provided by the office of the superintendent of public instruction. The budget classifications shall be in accordance with the latest revised accounting manual for educational service districts published by the office of the superintendent of public instruction.
(2) The revenue section of said budget shall set forth the estimated revenues from all sources for said period and the probable fund balance available at the close of the 1990-1991 fiscal year.
(3) The expenditure section of said budget shall set forth by detailed items or classes the estimated expenditures for said period.
[Statutory Authority: RCW 28A.310.330. WSR 91-07-063 (Order 91-05), § 392-125-026, filed 3/20/91, effective 4/20/91.]
PDF392-125-027
Time schedule for July and August 1991 budget process.
The time schedule for preparation, adoption, and filing of the July and August 1991 budget is as follows:
Final date for board to prepare budget for July and August 1991. Immediately thereafter publish notice of the completion of the budget as provided in WAC 392-125-020.
14 days preceding public hearing
Copies of budget made available to interested citizens.
Final date for board in public hearing to fix and adopt the budget. (The maximum time for this hearing is two days.)
Board resolution to adopt budget (obtain signature of chairman of superintendents' advisory committee).
Forward two properly signed copies of budget to superintendent of public instruction.
Superintendent revises, fixes and approves budget and returns one copy to the district.
[Statutory Authority: RCW 28A.310.330. WSR 91-07-063 (Order 91-05), § 392-125-027, filed 3/20/91, effective 4/20/91.]
PDF392-125-030
Time schedule for fiscal year 1991-1992 budget process and for every fiscal year thereafter.
The time schedule for preparation, adoption, and filing of the fiscal year 1991-1992 annual budget and the budget for every year thereafter is as follows: If the superintendent of public instruction deems it necessary to request a second and revised budget, the timing of the process shall be similar and shall be outlined specifically in the request.
Final date for board to prepare budget. Immediately thereafter publish notice of the completion of the budget as provided in WAC 392-125-020.
[Statutory Authority: RCW 28A.310.330. WSR 91-07-063 (Order 91-05), § 392-125-030, filed 3/20/91, effective 4/20/91. Statutory Authority: RCW 28A.21.135. WSR 85-15-111 (Order 85-4), § 392-125-030, filed 7/24/85; WSR 84-13-022 (Order 84-12), § 392-125-030, filed 6/13/84; Order 8-76, § 392-125-030, filed 7/23/76; Order 7-75, § 392-125-030, filed 12/22/75. Formerly WAC 392-31-060.]
PDF392-125-035
PDF392-125-036
PDF392-125-040
The budget as fixed and approved by the superintendent of public instruction shall constitute the appropriation from the general expense fund for an educational service district for the ensuing fiscal year. A budget is overexpended and is exceeded if expenditures are made in excess of the amount of the appropriation including budget extensions.
[Statutory Authority: RCW 28A.21.135. WSR 84-13-022 (Order 84-12), § 392-125-040, filed 6/13/84; Order 8-76, § 392-125-040, filed 7/23/76; Order 7-75, § 392-125-040, filed 12/22/75. Formerly WAC 392-31-080.]
PDF392-125-045
The estimated expenditures for the ensuing fiscal year shall not be greater than the total of the estimated revenues for the ensuing fiscal year plus the probable (for the initial budget) or actual (for budgets developed after fund balance is known) fund balance at the close of the fiscal year preceding the ensuing fiscal year. A budget is considered a balanced budget if the above requirement is met. The proceeds of any loan must not be used to balance the budget.
[Statutory Authority: RCW 28A.21.135. WSR 85-15-111 (Order 85-4), § 392-125-045, filed 7/24/85; WSR 84-13-022 (Order 84-12), § 392-125-045, filed 6/13/84; Order 8-76, § 392-125-045, filed 7/23/76; Order 7-75, § 392-125-045, filed 12/22/75. Formerly WAC 392-31-090.]
PDF392-125-050
All appropriations shall lapse at the end of the fiscal year. At the expiration of said fiscal year the appropriation shall become null and void and any claim presented thereafter against any such appropriation for the fiscal year just closed shall be provided for in the appropriation for the ensuing fiscal year.
[Order 8-76, § 392-125-050, filed 7/23/76; Order 7-75, § 392-125-050, filed 12/22/75. Formerly WAC 392-31-100.]
PDF392-125-054
Transfers between budget classes may be made by the educational service district superintendent or finance officer, subject to such restrictions as may be imposed by the educational service district board of directors.
[Statutory Authority: RCW 28A.21.135. WSR 80-06-042 (Order 80-15), § 392-125-054, filed 5/13/80.]
PDF392-125-055
PDF392-125-060
A budget status report shall be prepared by the administration of each educational service district on a monthly basis. A monthly budget status report shall contain the most current information available at the time of preparation and shall be made available to each member of the district board at its regular monthly meeting and to the superintendent of public instruction along with other financial information if deemed necessary by the superintendent of public instruction.
[Statutory Authority: RCW 28A.21.135. WSR 81-19-007 (Order 81-19), § 392-125-060, filed 9/4/81; Order 8-76, § 392-125-060, filed 7/23/76; Order 7-75, § 392-125-060, filed 12/22/75. Formerly WAC 392-31-120.]
PDF392-125-065
Content of the monthly budget status.
The monthly budget status report shall contain the most current approved budget amounts by summary level accounts and the fund balance at the beginning and end of the period being analyzed. Encumbrances also shall be reflected in the report. The report shall display activity on a fiscal year-to-date basis on both revenues and expenditures and the "as of" date shall be indicated at the top of the report.
[Statutory Authority: RCW 28A.21.135. WSR 85-15-111 (Order 85-4), § 392-125-065, filed 7/24/85; WSR 84-13-022 (Order 84-12), § 392-125-065, filed 6/13/84; Order 8-76, § 392-125-065, filed 7/23/76; Order 7-75, § 392-125-065, filed 12/22/75. Formerly WAC 392-31-130.]
PDF392-125-070
Approval of the budget by the superintendent of public instruction.
The superintendent of public instruction may approve an educational service district's budget or request for a budget extension as presented or revise and fix a budget or request for an extension and establish the appropriation. In revising a budget or budget extension, the superintendent shall collect information and prepare exhibits which display the financial condition of the district. The revised financial plan shall include specific budgeted expenditure levels. The financial plan may include the required district staff levels necessary to insure improvements in the financial condition of the district.
[Order 8-76, § 392-125-070, filed 7/23/76; Order 7-75, § 392-125-070, filed 12/22/75. Formerly WAC 392-31-140.]
PDF392-125-080
PDF392-125-085
Financial reports submitted to superintendent of public instruction.
Within ninety calendar days following the end of its fiscal year, each educational service district shall submit a financial report to the superintendent of public instruction. Said report shall be in the format specified by the superintendent of public instruction.
[Statutory Authority: RCW 28A.310.330. WSR 91-07-063 (Order 91-05), § 392-125-085, filed 3/20/91, effective 4/20/91. Statutory Authority: RCW 28A.21.135. WSR 81-19-007 (Order 81-19), § 392-125-085, filed 9/4/81.]
PDF392-125-100
An interfund loan is considered to be a temporary loan of moneys between one educational service district fund and another. An interfund loan is not considered to be an investment.
[Statutory Authority: Chapter 28A.150 RCW. WSR 05-17-177, § 392-125-100, filed 8/23/05, effective 9/23/05.]
PDF392-125-105
Loans are allowable to the general expense fund and the enterprise fund. Loans shall not be made to the detriment of any function or project for which the fund was established.
[Statutory Authority: Chapter 28A.150 RCW. WSR 05-17-177, § 392-125-105, filed 8/23/05, effective 9/23/05.]
PDF392-125-110
[Statutory Authority: Chapter 28A.150 RCW. WSR 05-17-177, § 392-125-110, filed 8/23/05, effective 9/23/05.]
PDF392-125-120
Interest shall be charged by the loaning fund to be paid by the borrowing fund. The rate of interest shall be not less than the current warrant interest rate prevailing in the county in which the educational service district is considered to be located. The interest shall be credited to the loaning fund and shall not be transferred to any other fund.
[Statutory Authority: Chapter 28A.150 RCW. WSR 05-17-177, § 392-125-120, filed 8/23/05, effective 9/23/05.]
PDF392-125-130
Financial reports of each educational service district, including the monthly financial reports provided to the board of directors of the educational service district, shall specify all outstanding interfund loans and all interest charges involved. The proceeds of any interfund loan shall not be used to balance the budget of the borrowing fund.
[Statutory Authority: Chapter 28A.150 RCW. WSR 05-17-177, § 392-125-130, filed 8/23/05, effective 9/23/05.]
PDF392-125-140
The board of directors of an educational service district shall adopt a resolution before any interfund loan transaction may take place. The resolution shall contain the exact amount of the loan, the funds involved, the specific source of funds for repayment, the schedule for repayment, and the interest rate involved.
[Statutory Authority: Chapter 28A.150 RCW. WSR 05-17-177, § 392-125-140, filed 8/23/05, effective 9/23/05.]