WA HB2593

School districts must maintain minimum fund balance restrictions in their general fund starting in the 2030-31 school year: 6-12% of prior year's state apportionment for districts with 2,000+ students, and 8-34% for smaller districts.

Restricted fund balance may only be used for enrollment changes exceeding 2.5%, temporary cash flow needs, emergencies preserving life/health/safety, or OSPI-preapproved one-time expenses—not for ongoing salaries or benefits.

Districts temporarily spending below minimum balance must obtain board resolution and OSPI approval of a restoration plan within 12 months; consecutive-year approvals are prohibited except for emergencies.

Districts failing to replenish minimum fund balance will have apportionment funding redirected monthly in 12 equal installments to restore the required amount.

Beginning in the 2028-29 school year, districts must submit monthly financial data (expenditures, revenue, cash balance, interfund loans, debt transactions) to OSPI, with apportionment withheld for data submitted more than 45 days late.