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Key Votes

HB 154 - Requires Periodic Public School Financial Reports - Key Vote

Kentucky Key Votes

Stages

Family

Issues

Stage Details

Legislation - Referred to Committee (Senate) -
Legislation - Bill Passed (House) (58-41) - (Key vote)

Title: Requires Periodic Public School Financial Reports

Vote Smart's Synopsis:

Vote to pass a bill that requires monthly and yearly financial reports of public schools.

Highlights:
  • Requires a school finance officer to obtain certification from the Department of Education prior to holding the position (Sec. 2).
  • Requires a school finance officer to present a “detailed” monthly financial report for school board approval that includes the previous month’s revenues and expenditures of the school district (Sec. 2).
  • Requires the monthly report to be posted on the school district’s website for at least 6 months (Sec. 2).
  • Requires a school finance officer to submit a “detailed” annual financial report within 6 months following the end of each fiscal year to the Department that includes the school district’s total assets, liabilities, revenues, and expenditures (Sec. 2).
  • Requires the annual report to be posted on the school district’s website and the Department’s website for at least 2 years (Sec. 2). 
  • Requires the Department to review each school district’s annual financial report, and requires the Department within 2 months of receipt of the report to provide the local board of education a written report indicating the financial status of the district (Sec. 2).
  • Requires the written report to be posted on the school district’s website and the Department’s website for at least 2 years (Sec. 2).
  • Requires the Board of Education to include the following in the continuing professional development requirements for school superintendents (Sec. 3):
    • 3 hours of annual training in school finance; and
    • 3 hours of annual training in ethics.
  • Specifies the following in-service training requirements for school board members, beginning January 1, 2015 (Sec. 1):
    • 12 hours for members with up to 8 years of experience; and
    • 8 hours for members with more than 8 years of experience.
  • Requires annual training for all school board members to include the following (Sec. 1):
    • 2 hours of school finance training;
    • 2 hours of ethics training; and
    • 2 hours of superintendent evaluation training.

Legislation - Introduced (House) -

Title: Requires Periodic Public School Financial Reports

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