First Regular Session S.B. 1320
PROPOSED AMENDMENT
SENATE AMENDMENTS TO S.B. 1320
(Reference to printed bill)
Page 1, between lines 1 and 2, insert:
"Section 1. Section 15-904, Arizona Revised Statutes, is amended to read:
15-904. School district annual financial report; publication; summary
A. The governing board of each school district shall publish an annual financial report for the prior fiscal year by November 15. The auditor general in conjunction with the department of education shall prescribe the format of the financial report to be used by school districts. The financial report shall contain budgeted and actual expenditures for the preceding fiscal year and shall be prepared and distributed by October 15 by the school district with a copy to the county school superintendent. A copy of the annual financial report shall be submitted electronically by the school district to the superintendent of public instruction by October 15. The annual financial report shall be approved by the county school superintendent in an electronic procedure as prescribed by the department of education. On or before October 15, the governing board shall submit the annual financial report for the previous fiscal year to the department of education, which shall prominently display this information about that school district on the website maintained by the department. If the school district maintains a website, the school district shall post a link to the website of the department of education where this information about the school district is posted. The department of education shall review the submitted annual financial reports. If the department determines that a school district has exceeded the district's budget limit or received excess state aid for the previous fiscal year, the department shall notify the district that it must correct the error in accordance with section 15-915. School districts that are subject to section 15‑914.01 are not required to send a copy to the county school superintendent.
B. In addition to the information required in subsection A of this section, the annual financial report shall contain detailed information on the school district budgeted and actual expenditures from the bond building fund, the soft capital allocation fund, the deficiencies correction fund, the building renewal fund and the new school facilities fund, including but not limited to information on classified salaries, employee benefits, interest and fiscal charges, capital lease agreements, land and improvements, buildings and improvements, furniture and equipment, technology and vehicles and transportation equipment for pupils. The information shall specify whether the expenditures are for school district renovation or for new construction, the cost per square foot and land acquisition costs, as appropriate.
C. Except as provided in subsection D of this section, the governing board shall publish, by November 15, the annual financial report for the school district either in a newspaper of general circulation within the school district, by electronic transmission of the information to the department of education for posting on the department's website or in the official newspaper of the county as defined prescribed in section 11‑255, or the governing board may mail the annual financial report for the school district to each household in the school district. If the governing board chooses to transmit the report electronically to the department of education, the school district shall provide a link on the school district's website to the report on the department's website. If the governing board chooses to publish the report in a newspaper, the size of the newspaper print shall be at least eight‑point type. The cost of publication or mailing shall be a charge against the school district. The publisher's affidavit of publication shall be filed by the governing board of the school district with the superintendent of public instruction within thirty days after publication.
D. The governing board may publish or mail a summary of the annual financial report in the same manner as provided in subsection C of this section. The auditor general in conjunction with the department of education shall prescribe the form of the summary of the annual financial report for use by the governing boards.
E. The superintendent of public instruction shall compile the financial reports of the school districts, including expenditure data for federal and state projects, and shall report to the governor and the legislature on or before January 15 of each year as provided in section 15‑255."
Renumber to conform
Page 1, line 11, strike "in the current year or in the budget year," insert "in the current year or in the budget year,"
Strike lines 12 and 13, insert "except that in case of hardship to the school district, the superintendent may approve corrections partly in one year and partly in the year after that"
Line 14, strike "year" insert "year. In case of hardship to the school district, if the required correction will be greater than seven per cent of the school district's budget limit in each of the two budget years, the superintendent may authorize, subject to approval by the state board of education, the correction to take place in equal installments over a period of years. the correction shall be completed"; strike "ten" insert "seven"; after the period insert "The department shall notify the joint legislative budget committee in writing each time the superintendent authorizes, subject to approval by the state board of education, a budget correction that exceeds two budget years in case of hardship to the school district."
Amend title to conform
JACK JACKSON JR. |
C: tdb