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State Board approves R277-113 on LEA fiscal and auditing policies; delays accrual section to May
Summary
The Utah State Board of Education approved rule R277-113 (LEA fiscal and auditing policies) on second and final reading, while directing staff to return the section on accrual accounting to the full board in May for further work and clearer language.
The Utah State Board of Education on a second and final reading approved rule R277-113, the LEA fiscal and auditing policies, and directed staff to return section 8 (the accrual accounting provision) to the full board at its May meeting for additional work and clearer language.
Member Davis, a board member who moved the substitute motion, said the rule’s accrual and contra-revenue accounting requirements have been a years‑long, technical point of contention for local education agencies (LEAs). “It has literally taken me five years and probably the last few hours to finally understand what I haven't understood about this requirement for accrual and contra revenue accounting in our LEAs,” Member Davis said, describing the operational and cost burden the accrual language would impose on districts.
Board members who questioned the motion focused on two themes: whether the proposed rule language…
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