schools; annual financial
reports
· Limits the reporting by individual schools in the school district annual financial report to annual expenditures aggregated by major function for maintenance and operation, unrestricted capital outlay and soft capital funds.
· Requires school districts to prepare budgets for each individual school in the district and make these budgets available to the public upon request.
· Requires the budget format submitted to the Department of Education to include a description of any corrections or adjustments made to the budget.
· Stipulates that school district expenditures on campaign literature associated with school district or charter school officials are not permitted. Allows the State Superintendent to withhold a portion of a school district’s state aid if it is found that the school district is in violation of this provision.
· Allows the Superintendent of Public Instruction to allow a common school district that meets specified criteria to correct state aid errors or budget limit errors made in FY 1999-00 in a period of no more than four years after the miscalculation is determined.
· Allows a school district in FY 2001-02 to reallocate the Revenue Control Limit and Capital Outlay Revenue Limit between the maintenance and operations and the unrestricted portions of the budget for the 2001-02 school year utilizing the provisions of the general budget limit that were available at the time of the school district’s original budget adoption.
· Provides, notwithstanding Laws 2002, 3rd Special Session, Chapter 1, Section 17, that the Superintendent of Public Instruction is prohibited from reducing state aid in FY 2001-02 to a qualifying school district that experienced rapid decline in students, due, in part, to the elimination of the early kindergarten or early first grade programs.
· Contains an emergency clause.
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45th Legislature
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Second Regular Session 2 May
29, 2002
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