Changes to the WA School District Account Code Structure - What Districts Need to Know
Apr 18, 18
EHB 2242 expands districts’ financial reporting requirements to include subfund codes, NCES codes, and location codes. SB 6362 accelerates the subfund accounting requirement to 2018-2019.
The Governor recently vetoed section 408 of SB 6362, essentially removing the burden on OSPI to report on the Account Restructure until the 2019-2020 school year.
Section 302 remains in place however, requiring districts to incorporate the subfund portion into their account codes for the 2018-2019 school year. The NCES and location classifications are slated for 2019-2020.
We recognize that the accelerated timeline around the subfund is a concern for districts. While non-Cooperative districts will undoubtedly struggle to meet this timeline, WSIPC districts can rest assured that a subfund solution will be in place for the 2018-2019 school year. WSIPC will release the subfund code solution in the July 2018 standard release. Solutions for the NCES and location codes will be in place by the 2019-2020 fiscal year.
WSIPC guarantees that we will continue to provide the solutions our districts need, so you will always be 100% compliant with all legislative data requirements.