Bill > SF0137

This bill extends the sunset date for a school district cash reserve provision, allowing districts to maintain a higher percentage of operating balances and cash reserves from fiscal year 2022 through fiscal year 2028 (previously set to expire in 2026). Specifically, the bill allows school districts to maintain up to 30% of their total foundation program amount in operating balances and cash reserves, compared to the standard 15% limit. The additional funds between 15% and 30% are restricted and cannot be used for general spending, but can be used for major building and facility repairs. The bill requires the Department of Education to separately track and report these additional reserves, ensuring they are not transferred or used for capital construction projects. The provision helps school districts maintain a larger financial cushion, providing more fiscal flexibility while still maintaining oversight to prevent excessive cash hoarding. The bill will take effect on July 1, 2025, continuing the current practice of allowing school districts to maintain higher cash reserves for a few more years.

Education

https://www.wyoleg.gov/Legislation/2025/SF0137