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SB 1675

SB 1675 - This act authorizes the board of trustees of an urban library district to change the dates of the fiscal year. This act is identical to provisions in SCS/HB 3000 (2026) and in HCS/SS#2/SCS/SB 1023 (2026), and is substantially similar to HB 3321 (2026). OLIVIA SHANNON

2026 Regular Session

Urban public library districts in Missouri can set and change their own fiscal year dates, with budgeting and financial administration aligned to the chosen year.

Second Read and Referred S Local Government, Elections and Pensions Committee
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Bill Summary · SB 1675

Overview

SB 1675 would authorize urban public library districts in Missouri to adjust their fiscal year dates. The bill revises the section governing fiscal year timing, budgeting, and related financial administration for urban library districts.

Main purpose and intent

  • To give urban public library districts the authority to change their fiscal year dates by setting or altering the fiscal year schedule, subject to board approval.
  • To ensure a formal process for budgeting, budgeting approval, and financial administration aligned with the district’s chosen fiscal year.

Key provisions and changes

  • Repeal and replacement of Section 182.711, RSMo, with a newly enacted Section 182.711.
  • Fiscal year timing:
    • The standard fiscal year is July 1 to June 30.
    • The board of trustees can set a different fiscal year date for the district.
  • Budget process:
    • The librarian must submit a budget proposal to the board for the forthcoming fiscal year.
    • The board must approve the budget, making any necessary changes.
    • The budget must be approved on or before the last day of the fiscal year preceding the year for which the budget is prepared (the bill uses “the last day of the fiscal year preceding the fiscal year for which the budget was prepared,” with a note that the permissible date can be adjusted if the fiscal year is changed).
    • The board or librarian can amend or modify the approved budget from time to time.
    • A copy of the approved budget must be filed with the state auditor.
  • Financial management structure:
    • The treasurer of the board of trustees is the custodian of all district money.
    • Funds are organized into:
    • Library operating fund (local tax revenue and normal operations).
    • Library building fund (funds for building-related purposes).
    • Other funds may be established as needed (e.g., grants or special funds).
    • Funds from state aid or federal grants (excluding land, building, and furnishing grants) go to the library operating fund; other funds may be created per board resolution.
    • Deposits must be placed in board-approved depositories.
    • The treasurer also serves as custodian of all district bonds or securities.
  • Disbursement and accounting:
    • Money disbursement requires proper authorization by the board and certification by the president, specifying amount, payee, and purpose.
    • The board may authorize facsimile signatures for payments, under applicable statutory provisions.
    • No payment may be issued for indebtedness unless sufficient funds exist in the proper fund and in proper form.
    • The treasurer must provide, at each regular meeting, an accounting of receipts and disbursements.

Who is affected

  • Urban public library districts in the state of Missouri.
  • Library district trustees (board of trustees), the librarian, and the district treasurer.
  • State Auditor (receives budget copies).
  • Potentially local taxpayers and state funding recipients, due to the budgeting and fund management changes.

Procedural and timeline aspects

  • Budget cycle timing remains tied to the fiscal year, but districts can alter their fiscal year dates.
  • Budget preparation and approval deadlines relate to the chosen fiscal year, with the requirement to approve the budget on or before the last day of the preceding fiscal year (subject to adjustment if the fiscal year is changed by the district).
  • Regular financial reporting to the board (monthly or at regular meetings) continues via accounting statements.

Notes

  • The bill specifies that it is identical or substantially similar to related bills in the 2026 session (HB/HB 3000, SB 1023, and HB 3321), suggesting alignment with other proposals on urban library district fiscal flexibility.
  • The text clarifies that bolded or bracketed material in the bill is explanatory and not enacted; the actual enacted text would replace these placeholders with the final language.

Compiled from official sources — confirm details with the bill’s official record.

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