86R3485 CAE-D
	By: Creighton	S.B. No. 767

	A BILL TO BE ENTITLED
	AN ACT
	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)  a graphical representation of the district's
	operating and debt service funds, including:
	(A)  the total budgeted allocation and per student
	in average daily attendance allocation for the current school year,
	separated by each applicable assigned:
	(i)  function code; and
	(ii)  object code determined by the
	commissioner as a major object code; and
	(B)  the actual revenues and expenditures for each
	of the four preceding fiscal years, separated by each applicable
	assigned:
	(i)  function code; and
	(ii)  object code determined by the
	commissioner as a major object code;
	(3)  the district's annual financial report for the
	preceding five fiscal years;
	(4)  in a searchable electronic format:
	(A)  the transaction register for each district
	checking account, including 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; and
	(B)  a board financial report, updated at least
	quarterly, comparing revenues and expenditures with:
	(i)  the adopted and amended budget; and
	(ii)  revenues and expenditures from the
	preceding fiscal year;
	(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)  contact information for the district and members
	of the board of trustees of the district; and
	(7)  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)  The district's annual financial report for the current
	fiscal year must be posted not later than the first anniversary of
	the end of the fiscal year.
	(c)  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, 2020.