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Code of Colorado Regulations eDocket
Official Publication of the State Administrative Rules (24-4-103(11) C.R.S.)

Details of Tracking Number  2016-00471


CCR details

Tracking Number 2016-00471
Type of Filing Permanent Rule
Department 300 Department of Education
Agency 301 Colorado State Board of Education
CCR Number 1 CCR 301-11
CCR Title RULES FOR ACCOUNTING AND REPORTING

Proposed rule

Notice Filed with SOS 09/20/2016
Rule ProposedRuleAttach2016-00471.doc
Statutory Authority 22-45-101, 22-45-102, 22-45-103, 22-30.5-104, 22-30.5-503, 22-2-107(1)(c), 22-30.5-104.7, 22-30.5-603, 22-44-206, C.R.S.
Description of Subjects/Issues Statement of Basis and Purpose for Amendments. The 2016 amendments to these rules reflect statutory amendments in HB 15-1184, which defines charter school networks, and amendments in HB 16-1354 and HB 16-1422. As a result of the latter two bills, the Accounting and Reporting law identifies nine funds to be used by school districts in financial accounting and reporting and specifies conditions and requirements regarding the use of these funds. The funds are: General Fund, Bond Redemption Fund, Capital Reserve Fund, Special Building and Technology Fund, Risk Management Reserves, Transportation Fund, Full-day Kindergarten Fund, Supplemental Capital Construction, Technology, and Maintenance Fund, and Total Program Reserve Fund.
Purpose/Objective of Rule Statement of Basis and Purpose for Amendments. The 2016 amendments to these rules reflect statutory amendments in HB 15-1184, which defines charter school networks, and amendments in HB 16-1354 and HB 16-1422. As a result of the latter two bills, the Accounting and Reporting law identifies nine funds to be used by school districts in financial accounting and reporting and specifies conditions and requirements regarding the use of these funds. The funds are: General Fund, Bond Redemption Fund, Capital Reserve Fund, Special Building and Technology Fund, Risk Management Reserves, Transportation Fund, Full-day Kindergarten Fund, Supplemental Capital Construction, Technology, and Maintenance Fund, and Total Program Reserve Fund.
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation? Yes
Recent legislation bill number HB15-1184, HB16-1354, HB16-1422
Hearing Date 11/09/2016
Hearing Time 01:15 PM
Hearing Location Colorado Department of Education, State Board Room 101
Contact Name Elizabeth Cordial
Contact Title Director
Contact Telephone 303-866-6809
Contact email Cordial_e@cde.state.co.us

Adopted rule

Adopted Rules AdoptedRules02016-00471.doc
Redline Redline2016-00471.doc
Adopted Date 11/09/2016
AGO requested date 11/10/2016

Termination information

Date 11/29/2016
Reason The Department has identified additional technical corrections that it wishes to combine with any revisions necessitated by upcoming legislation.