Preproposal statement of inquiry was filed as WSR 05-07-002.
Title of Rule and Other Identifying Information: Chapter 392-125 WAC, Finance -- Educational service district (ESD) budgeting.
Hearing Location(s): Old Capitol Building, 600 South Washington, Olympia, WA 98504-7200, on June 21, 2005, at 9:00 a.m.
Date of Intended Adoption: July 19, 2005.
Submit Written Comments to: Administrative Resource Services, P.O. Box 47200, Olympia, WA 98504-7200, fax (360) 753-4201, by June 6, 2005.
Assistance for Persons with Disabilities: Contact Sheila Emery by June 1, 2005, TTY (360) 664-3631 or (360) 725-6271.
Purpose of the Proposal and Its Anticipated Effects, Including Any Changes in Existing Rules: The rules are being amended to accommodate repealing of RCW 28A.310.380 and also incorporate guidance for use of interfund loans used by the ESDs.
This will allow ESDs to establish enterprise funds to account for those operations requiring enterprise fund accounting.
This will establish authority to allow ESDs to use interfund loans between the general fund and enterprise fund operations. This authority is modeled after the school district interfund loan process.
Statutory Authority for Adoption: Chapter 28A.150 RCW.
Statute Being Implemented: Chapter 28A.310 RCW.
Rule is not necessitated by federal law, federal or state court decision.
Name of Proponent: [Superintendent of Public Instruction], governmental.
Name of Agency Personnel Responsible for Drafting, Implementation and Enforcement: Ron Stead, Olympia, Washington.
No small business economic impact statement has been prepared under chapter 19.85 RCW. This rule is not applicable to nongovernmental agencies.
A cost-benefit analysis is not required under RCW 34.05.328. This rule is not applicable to nongovernmental agencies.
May 2, 2005
for Dr. Terry Bergeson
AMENDATORY SECTION(Amending Order 81-19, filed 9/4/81)
WAC 392-125-010 Principles of accounting. 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. ((
The general expense fund of an educational service
district shall be the only fund of the district and shall be
used for all activities which an educational service district
[Statutory Authority: RCW 28A.21.135. 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.]