Title 20, Chapter 2, Section 67
( 20-2-67)
(a) When an audit by the Department of Audits and Accounts finds and
reports irregularities or budget deficits in the fund accounting
information regarding a local school system or a school within the
local school system, the Department of Audits and Accounts shall
report the findings of irregularities or budget deficits to the
State Board of Education and the local board of education. (b) The State Board of Education shall inform the superintendent of
the local school system of the irregularities or budget deficits
regarding a local school system's or a school's fund accounting
information. The superintendent shall submit to the Department of
Education a response to the findings and a corrective action plan as
defined by rules and regulations adopted by the State Board of
Education designed to correct the financial irregularities or budget
deficits for the school or school system. From the time such
irregularity or budget deficit is discovered until the time it is
eliminated, the local school superintendent shall present to each
member of the local board of education for his or her review and
written acknowledgment a monthly report containing all anticipated
expenditures by budget function for such school or school system
during the current month. The report shall be presented to local
board members on or before the tenth business day of each month.
Each monthly report shall be signed by each member of that local
board and recorded and retained in the minutes of the meeting of the
local board of education. (c) Not later than September 30 of the year, each local board of
education shall cause to be published in the official county organ
wherein the local school system is located once a week for two weeks
a statement of actual financial operations for such schools or
school system identified by the Department of Audits and Accounts as
having financial irregularities. Such statement of actual financial
operations shall be in a form to be specified and prescribed by the
state auditor for the purpose of indicating the current financial
status of the schools or school system. Prior to publication, such
form shall be executed by the local board of education and signed by
each member of said board and the local school superintendent. (d) A copy of the actual financial operations form required to be
published by subsection (c) of this Code section shall be mailed by
each local board of education to the Department of Education and the
local county board of commissioners or local municipal governing
authority. A current copy of said form shall be maintained on file
in the central administrative office of the local school system for
public inspection for a period of at least two years from the date
of its publication. Copies of the statement shall be made available
on request. |