(1) A general fund shall be established for
maintenance and operation of the school district to account for all financial
operations of the school district, except those required to be accounted for in
another fund, as authorized by
RCW
28A.320.330,
28A.325.030, and
28A.160.130.
(2) A capital projects fund shall be
established as authorized by
RCW
28A.320.330 for major capital purposes. Any
statutory references to a "building fund" shall mean the capital projects fund.
Money to be deposited into the capital projects fund shall include, but not be
limited to, bond proceeds, proceeds from excess levies, state apportionment
proceeds, earnings from capital projects fund investments, rental and lease
proceeds, and proceeds from the sale of real property.
Money deposited into the capital projects fund from other
sources may be used for the purposes provided in WAC
392-123-180 and for the purposes
of:
(a) Major renovation, including
the replacement of facilities and systems where periodical repairs are no
longer economical. Major renovation and replacement shall include, but shall
not be limited to, roofing, heating and ventilating systems, floor covering,
and electrical systems.
(b)
Renovation and rehabilitation of playfields, athletic fields, and other
district real property.
(c) The
conduct of preliminary energy audits and energy audits of school district
buildings. For the purpose of this section:
(i) "Preliminary energy audits" means a
determination of the energy consumption characteristics of a building,
including the size, type, rate of energy consumption, and major energy using
systems of the building.
(ii)
"Energy audit" means a survey of a building or complex which identifies the
type, size, energy use level, and major energy using systems; which determines
appropriate energy conservation maintenance or operating procedures and
assesses any need for the acquisition and installation of energy conservation
measures, including solar energy and renewable resource measures.
(iii) "Energy capital improvement" means the
installation, or modification of the installation, of energy conservation
measures in a building which measures are primarily intended to reduce energy
consumption or allow the use of an alternative energy source.
(d) Those energy capital
improvements which are identified as being cost-effective in the audits
authorized by this section.
(e)
Purchase or installation of additional major items of equipment and furniture:
Provided, That vehicles shall not be purchased with capital projects fund
money.
(3) A debt
service fund shall be established to provide for tax proceeds, other revenues,
and disbursements as authorized in chapter 39.44 RCW.
(4) An associated student body fund shall be
established as authorized by
RCW
28A.325.030.
(5) Advance refunding bond funds and refunded
bond funds shall be established to provide for proceeds and disbursements as
authorized in chapter 39.53 RCW.
(6) A transportation vehicle fund shall be
established as authorized by
RCW
28A.160.130.
(7) The board of directors of first-class
school districts shall have power to create and maintain an insurance reserve
account pursuant to
RCW
28A.330.110 to be used to meet losses
specified by the board of directors.
Funds required for maintenance of an insurance reserve account
shall be budgeted and allowed as are other moneys required for the support of
the school district.
The school district board of directors may, as an alternative
or in addition to the establishment of a self-insurance reserve account or the
purchasing of insurance, contract for or hire personnel to provide risk
management services.