R277-113-1. Authority, Purpose, and Oversight Category

(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.