Effective Date of Rule: Thirty-one days after filing.

     Purpose: This amended rule provides relief to districts, in consideration of public comments and recommendations.

     A public hearing on this rule was initially held November 22, 2011. Testimony from the public hearing overwhelmingly recommended that the WAC language be more generalized, and supported this final revision.

     A second public hearing on this rule was held March 27, 2012. The rationale behind replacing the phrase "ending net cash and investments, revenues and expenditures" with the more generalized word "amounts" is that the proposed language allows districts to reconcile in a more appropriate way and makes sure that there is agreement between the county treasurers' records and the school districts' records.

     Citation of Existing Rules Affected by this Order: Amending WAC 392-123-132.

     Statutory Authority for Adoption: RCW 28A.150.290(2).

      Adopted under notice filed as WSR 12-05-062 on February 15, 2012.

     Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.

     Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.

     Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 1, Repealed 0.

     Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 1, Repealed 0.

     Number of Sections Adopted Using Negotiated Rule Making: New 0, Amended 0, Repealed 0;      Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 0, Amended 0, Repealed 0.

     Date Adopted: March 27, 2012.

Randy Dorn

State Superintendent

OTS-4620.1

AMENDATORY SECTION(Amending Order 8-76, filed 7/23/76)

WAC 392-123-132   Reconciliation of monthly county treasurers' statements to district records.   Every school district shall reconcile ((ending net cash and investments, revenues and expenditures)) amounts reported by the county treasurer with the district records for all funds. Any differences shall be noted and adjustments to school district records shall be made if necessary.

[Order 8-76, § 392-123-132, filed 7/23/76.]

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