DAR File No. 37884

Education, Administration

Rule R277-425

Budgeting, Accounting, and Auditing for Utah Local Education Agencies (LEAs)

Five-Year Notice of Review and Statement of Continuation

DAR File No.: 37884
Filed: 08/02/2013 10:57:27 AM

NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:

Subsection 53A-1-402(1)(e)(iv) allows the Utah State Board of Education (Board) to adopt rules regarding financial, statistical, and student accounting requirements and Subsection 53A-1-401(3) allows the Board to adopt rules in accordance with its responsibilities.

Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

No written comment has been received.

Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

This rule continues to be necessary because it specifies uniform budgeting, accounting, and auditing procedures for local education agencies consistent with Generally Accepted Accounting Principles (GAAP) and Generally Accepted Auditing Standards (GAAS). Therefore, this rule should be continued.

The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:

Education
Administration
250 E 500 S
SALT LAKE CITY, UT 84111-3272

Direct questions regarding this rule to:

• Carol Lear at the above address, by phone at 801-538-7835, by FAX at 801-538-7768, or by Internet E-mail at [email protected]

Authorized by:

Carol Lear, Director, School Law and Legislation

Effective:

08/02/2013