Bill Text: TX HB3597 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to the availability of certain school district financial information on certain districts' Internet websites.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-03-30 - Referred to Public Education [HB3597 Detail]
Download: Texas-2017-HB3597-Introduced.html
85R5004 CAE-D | ||
By: Fallon | H.B. No. 3597 |
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relating to the availability of certain school district financial | ||
information on certain districts' Internet websites. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Chapter 44, Education Code, is amended by adding | ||
Subchapter D to read as follows: | ||
SUBCHAPTER D. FINANCIAL DISCLOSURE | ||
Sec. 44.101. APPLICABILITY. This subchapter applies only | ||
to a school district that is ranked among the 50 highest in student | ||
enrollment, as determined by the commissioner. | ||
Sec. 44.102. FINANCIAL DISCLOSURE. (a) A school district | ||
shall maintain on the district's Internet website an electronic | ||
database of district finances. The database must include: | ||
(1) for the immediately preceding fiscal year: | ||
(A) total expenditures as a dollar amount and a | ||
dollar amount per student in average daily attendance; | ||
(B) total revenue as a dollar amount and a dollar | ||
amount per student in average daily attendance; | ||
(C) total revenue from property taxes as a dollar | ||
amount and a dollar amount per student in average daily attendance; | ||
and | ||
(D) the total number of full-time equivalent | ||
positions for the district; | ||
(2) in a searchable electronic format, the district's | ||
approved budget for the current fiscal year and each of the four | ||
preceding fiscal years that, for each budget: | ||
(A) identifies by name the accounts and divisions | ||
of all money held or disbursed by the district; | ||
(B) includes all revenue and expenditures in the | ||
district's budget; and | ||
(C) includes all combined accounts; | ||
(3) the district's annual financial report for the | ||
preceding five fiscal years; | ||
(4) in a searchable electronic format, the transaction | ||
register for each district checking account, including: | ||
(A) for each check written from a district | ||
checking account: | ||
(i) the transaction amount; | ||
(ii) the name of the payee; | ||
(iii) the date the check was issued; and | ||
(iv) a statement of the purpose of the | ||
expenditure for which the check was written; | ||
(B) monthly, quarterly, and semi-annual totals | ||
for all expenditures; | ||
(C) any electronic fund transfers; | ||
(D) all payroll direct deposits; and | ||
(E) any bank drafts for bond or loan payments; | ||
(5) a visualization chart depicting district | ||
financial data trends for the preceding five fiscal years that | ||
shows for each fiscal year: | ||
(A) total expenditures per student in average | ||
daily attendance; | ||
(B) total revenue per student in average daily | ||
attendance; and | ||
(C) the district property tax rate expressed in | ||
dollars per $100 valuation; | ||
(6) an explanation of terminology used on the | ||
database, as appropriate; | ||
(7) contact information for the district and members | ||
of the board of trustees of the district; and | ||
(8) a link to a web page maintained by the district | ||
that provides instructions for submitting a request for information | ||
under Chapter 552, Government Code. | ||
(b) District budget data must be formatted in a manner that | ||
allows any person using the district's Internet website to perform | ||
an analysis of the data. | ||
(c) The district's financial report for the current fiscal | ||
year must be posted not later than the first anniversary of the end | ||
of the fiscal year. | ||
(d) A school district shall: | ||
(1) update the electronic checking account | ||
transaction register at least once each month, not later than the | ||
30th day after the closing date of the most recent monthly statement | ||
for the checking account; | ||
(2) maintain each transaction or listing in the | ||
electronic checking account transaction register on the district's | ||
Internet website until at least the third anniversary of the date of | ||
the transaction or listing; and | ||
(3) for each fiscal year that transactions and | ||
listings are included in the electronic checking account | ||
transaction register, group together the transactions and listings | ||
by fiscal year. | ||
SECTION 2. This Act takes effect September 1, 2017. |