15-271. Duties of auditor general for uniform financial records system; annual report
A. The auditor general shall determine the accounting systems, accounting methods and accounting procedures for utilization by school districts.
B. The auditor general in conjunction with the department of education shall prescribe a uniform system of financial records for utilization by all school districts each fiscal year.
C. The uniform system of financial records prescribed by the auditor general shall:
1. Provide for adjustment in consideration of existing capabilities available at a reasonable cost to school districts.
2. Allow schools to maintain necessary records at a minimum cost.
3. Prescribe guidelines applicable to procurement practices for use by school districts for amounts less than those prescribed in section 15-213, subsection A.
4. Prescribe methods for the apportionment of revenues, including apportionment of various revenues to maintenance and operations, capital outlay and adjacent ways.
5. Prescribe methods for the apportionment of revenues in excess of the revenue control limit in the same manner as the revenues in paragraph 4.
6. Prescribe guidelines for the apportionment of the pupil enrollment and attendance as provided in section 15-808, subsection F.
7. Provide the department of education, the auditor general, the governor and the legislature with sufficient uniform information to assist in determining equitable distribution of state aid to school districts.
8. Provide information including at a minimum:
(a) The student count and maintenance and operation expenditures with separate subsections for regular education programs, special education programs and operating expenditures for pupil transportation.
(b) Capital outlay expenditures.
(c) Debt service and special projects of all school districts.
D. The auditor general shall inform any school district which fails to establish and maintain the uniform system of financial records and shall detail in writing the deficiencies of the school district system giving the district ninety days to correct the deficiencies.
E. The auditor general shall report to the department of education any school district which either fails to establish and maintain the uniform system of financial records prescribed by the auditor general or fails to correct deficiencies in the system within ninety days after receiving notice of the deficiencies.
F. A school district may but shall not be required to maintain or provide financial records other than those prescribed by the auditor general.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.