ARIZONA STATE SENATE
Phoenix, Arizona
schools; annual financial
reports
Limits the individual school
information included in the school district’s budget format and the annual
financial report to aggregate summaries for maintenance and operation and soft
capital funds.
Background
The Superintendent of Public
Instruction and the Auditor General work in conjunction to develop a school
district budget format to be used by school districts, which is designed to
allow all school districts to fiscally plan for the use of available
funds. The budget format contains
individual sections for maintenance and operation, debt service, special
projects, capital outlay, adjacent ways and the classroom site fund.
The Auditor General also
works with the Arizona Department of Education to develop the annual financial
report format to be used by school districts on a school-by-school basis. This annual financial report contains
information on the 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. The annual financial report must also
include 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.
S.B. 1118 requires the sections
for individual schools to include only aggregate summaries by major function
for maintenance and operations funds in the school district budget format. The bill also limits the reporting by
individual schools to annual expenditures aggregated by major function for the
maintenance and operation and soft capital funds in the school district’s
annual report.
There is no anticipated
fiscal impact associated with this measure.
1. Requires the individual school section of the school district budget format to include only aggregate summaries by major function for the maintenance and operation and soft capital funds.
2. Limits the reporting by individual schools in the school district annual financial report to annual expenditures aggregated by major function for maintenance and operation and soft capital funds.
3. Makes technical and conforming changes.
4. Provides for a general effective date.
Prepared by Senate Staff
January 28, 2002