WA SB6326

School districts with 2,000+ students must maintain a minimum general fund balance of 6% of prior year's state apportionment; smaller districts must maintain 8%, effective 2030-31 school year

Minimum 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 adopt a board resolution and submit a restoration plan to OSPI; districts cannot spend below minimum two consecutive years except for emergencies

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

Starting 2028-29, districts must submit monthly financial data (expenditures, revenue, cash balance, interfund loans, debt transactions) to OSPI, with apportionment withheld if reports are 45+ days late