WSR 97-04-035

PREPROPOSAL STATEMENT OF INQUIRY

SUPERINTENDENT OF

PUBLIC INSTRUCTION

[Filed January 30, 1997, 3:49 p.m.]

Subject of Possible Rule Making: WAC 392-123-047 Definitions--Revenue, accrual basis expenditures, cash basis expenditures, appropriation, and disbursements.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 28A.150.290, 28A.150.400, 28A.505.140.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: A recent pronouncement of the Governmental Accounting Standards Board eliminates the earlier national standard that taxpayer assessed taxes, such as property taxes, must be collected in cash in order to meet the revenue accrual criteria of being both measurable and available to reimburse current period expenditures. This change will allow districts to be in compliance with national standards by allowing the accrual of property taxes as revenue if they are available after the end of the fiscal period to pay for expenditures incurred by the end of the fiscal period.

Process for Developing New Rule: Early solicitation of public comments and recommendations respecting new, amended or repealed rules, and consideration of the comments and recommendations in the course of drafting rules.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by sending written comments to Rules Coordinator, Legal Services, P.O. Box 47200, Olympia, WA 98504-7200, FAX (360) 753-4201, TDD (360) 664-3631. For further information, contact Ron Stead, (360) 753-3584.

January 27, 1997

Dr. Terry Bergeson

Superintendent of

Public Instruction

Legislature Code Reviser

Register

Washington State Code Reviser's Office