Section R277-113-1 - Authority and Purpose(1) This rule is authorized by:(a) Utah Constitution Article X, Section 3, which vests general control and supervision over public education in the Board;(b) Subsection 53E-3-401(4), which allows the Board to make rules to execute the Board's duties and responsibilities under the Utah Constitution and state law;(c) Subsection 53E-3-501(1)(e)(i), which directs the Board to establish rules and minimum standards for school productivity and cost effectiveness measures;(d) Subsection 53E-3-501(1)(e)(iv), which allows the Board to adopt rules regarding financial, statistical, and student accounting requirements;(e) Section 53E-3-602, which allows the Board to approve auditing standards for LEA governing boards;(f) Section 53E-3-603, which requires the Board to verify accounting procedures of LEA governing boards for determining the allocation of Uniform School Funds;(g) Section 53E-5-202, which directs the Board to adopt rules to implement a statewide accountability system;(h) Subsection 53G-5-404(4), which requires charter schools to make the same annual reports required of other public schools, including an annual financial audit report;(i) Subsection 53F-2-209(2), which requires the Board to make rules for flexible use of restricted funds; and(j) ESSA, which requires states to revise and redesign school accountability systems.(2) The purpose of this rule is to: (a) require LEAs to formally adopt and implement policies regarding the management and use of public funds;(b) provide minimum standards, procedures, and definitions for LEA policies;(c) direct that LEAs make policies, procedures, and training materials available to the public and readily accessible on LEA or public school websites, to the extent of resources available;(d) require LEAs to train employees in: (i) appropriate financial practices;(ii) necessary accounting procedures; and(iii) ethical financial practices;(e) specify uniform budgeting, accounting, and auditing procedures for LEAs consistent with GAAP, GAAS, and GAGAS; and(f) establish reporting and accounting requirements for LEAs to enable the Board to comply with ESSA.(3) This Rule R277-113 is categorized as Category 3 as described in Rule R277-111.Utah Admin. Code R277-113-1
Amended by Utah State Bulletin Number 2017-5, effective 2/7/2017Amended by Utah State Bulletin Number 2018-14, effective 6/22/2018Amended by Utah State Bulletin Number 2020-17, effective 8/12/2020Amended by Utah State Bulletin Number 2020-23, effective 11/10/2020Amended by Utah State Bulletin Number 2021-22, effective 11/8/2021Amended by Utah State Bulletin Number 2023-24, effective 12/11/2023Amended by Utah State Bulletin Number 2024-16, effective 8/7/2024