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 9  AN ACT concerning the budget law for municipalities and other taxing
10    subdivisions; relating to budget and expenditure information of school
11    districts; amending K.S.A. 79-2927 and repealing the existing section.
12
13  Be it enacted by the Legislature of the State of Kansas:
14    Section 1.  K.S.A. 79-2927 is hereby amended to read as follows: 79-
15  2927. (a) The governing body of each taxing subdivision or municipality
16  shall meet not later than the first day of August of each year, and shall
17  prepare in writing on forms furnished by the director of accounts and
18  reports a budget itemized and classified by funds and showing amounts
19  to be raised by taxation and from other sources for the ensuing budget
20  year. The budget shall show in parallel columns all amounts and items to
21  be expended for the ensuing budget year and the amounts appropriated
22  for corresponding or other items during the current budget year and
23  amounts expended for corresponding or other items during the preceding
24  budget year. The budget for each fund shall not include any item for
25  sundry or miscellaneous purposes in excess of 10% of the total. Except
26  for school districts, municipal universities and community colleges, the
27  budget for each fund may include a non-appropriated balance of not to
28  exceed 5% of the total of each fund.
29    (b)  The budget shall show in parallel columns the amount of revenue
30  actually received from taxation and from other sources, with the amount
31  from each source separately stated for the preceding budget year and the
32  amount actually received and estimated to be received from taxation and
33  from sources other than direct taxation with the amount for each source
34  separately stated for the current budget year and also the amount esti-
35  mated to be received during the ensuing budget year, with the amount
36  estimated to be received from each source separately stated. The budget
37  of expenditures for each fund shall balance with the budget of revenues
38  for such fund and that portion of the budget of revenues to be derived
39  from ad valorem property taxation shall not exceed the amount of tax
40  which can be raised by any fund limit or aggregate limit placed upon such
41  fund.
42    (c)  In addition to other budget and expenditure information required
43  to be prepared and submitted, the budget prepared by each school district
HB 2526
                                     

 1  shall include a chart setting forth all amounts and items of expenditures
 2  of federal funds and all public or private grants and gifts for the two
 3  preceding budget years. The chart shall set forth such information in the
 4  categories and form prescribed by the state board of education.
 5    Sec. 2.  K.S.A. 79-2927 is hereby repealed.
 6    Sec. 3.  This act shall take effect and be in force from and after its
 7  publication in the statute book.