2024 -- S 3151 | |
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LC006250 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2024 | |
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A N A C T | |
RELATING TO EDUCATION -- DISTRICT CHARTER SCHOOL | |
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Introduced By: Senator Sandra Cano | |
Date Introduced: June 07, 2024 | |
Referred To: Senate Education | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 16-77.2-8 of the General Laws in Chapter 16-77.2 entitled "District |
2 | Charter School [See Title 16 Chapter 97 — The Rhode Island Board of Education Act]" is hereby |
3 | amended to read as follows: |
4 | 16-77.2-8. Charter school reporting. |
5 | (a) All district charter schools shall continuously monitor their financial operations by |
6 | tracking actual versus budgeted revenue and expense. The chief financial officer of the district |
7 | charter school shall submit a report on a quarterly basis to the state office of municipal affairs |
8 | commissioner certifying the status of the district charter school budget. |
9 | (b) The quarterly reports shall be in a format prescribed by the state office of municipal |
10 | affairs commissioner and the state auditor general. The reports shall contain a statement as to |
11 | whether any actual or projected shortfalls in budget line items are expected to result in a year-end |
12 | deficit, the projected impact on year-end financial results including all accruals and encumbrances, |
13 | and how the district charter school plans to address any such shortfalls. The auditor general or the |
14 | state director of administration may petition the superior court to order the district charter school |
15 | to file said reports. The director of administration may also direct the state controller and general |
16 | treasurer to withhold any funding to the district charter school until the school complies with the |
17 | reporting requirements hereunder. Failure to comply with this section shall be cause for the |
18 | revocation of the school charter. |
19 | SECTION 2. Section 16-77.3-8 of the General Laws in Chapter 16-77.3 entitled |
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1 | "Independent Charter Schools [See Title 16 Chapter 97 — The Rhode Island Board of Education |
2 | Act]" is hereby amended to read as follows: |
3 | 16-77.3-8. Charter school reporting. |
4 | (a) All independent charter schools shall continuously monitor their financial operations |
5 | by tracking actual versus budgeted revenue and expense. The chief financial officer of the |
6 | independent charter school shall submit a report on a quarterly basis to the state office of municipal |
7 | affairs commissioner certifying the status of the independent charter school budget. The quarterly |
8 | reports shall be in a format prescribed by the state office of municipal affairs commissioner and the |
9 | state auditor general. The reports shall contain a statement as to whether any actual or projected |
10 | shortfalls in budget line items are expected to result in a year-end deficit, the projected impact on |
11 | year-end financial results including all accruals and encumbrances, and how the independent |
12 | charter school plans to address any such shortfalls. |
13 | (b) The auditor general or the state director of administration may petition the superior |
14 | court to order the independent charter school to file said reports. The director of administration may |
15 | also direct the state controller and general treasurer to withhold any funding to the independent |
16 | charter school until the school complies with the reporting requirements hereunder. Failure to |
17 | comply with this section shall be cause for the revocation of the school charter. |
18 | SECTION 3. Section 16-77.4-8 of the General Laws in Chapter 16-77.4 entitled "Mayoral |
19 | Academies [See Title 16 Chapter 97 — The Rhode Island Board of Education Act]" is hereby |
20 | amended to read as follows: |
21 | 16-77.4-8. Mayoral academy reporting. |
22 | (a) All mayoral academies shall continuously monitor their financial operations by tracking |
23 | actual versus budgeted revenue and expense. The chief financial officer of a mayoral academy shall |
24 | submit a report on a quarterly basis to the state office of municipal affairs commissioner certifying |
25 | the status of that mayoral academy’s budget. The quarterly reports shall be in a format prescribed |
26 | by the state office of municipal affairs commissioner and the state auditor general. The reports shall |
27 | contain a statement as to whether any actual or projected shortfalls in budget line items are expected |
28 | to result in a year-end deficit, the projected impact on year-end financial results including all |
29 | accruals and encumbrances, and how the mayoral academy plans to address any such shortfalls. |
30 | (b) The auditor general or the state director of administration may petition the superior |
31 | court to order a mayoral academy to file said reports. The director of administration may also direct |
32 | the state controller and general treasurer to withhold any funding to a mayoral academy until the |
33 | school complies with the reporting requirements hereunder. Failure to comply with this section |
34 | shall be cause for the revocation of the school charter. |
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1 | SECTION 4. This act shall take effect upon passage. |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO EDUCATION -- DISTRICT CHARTER SCHOOL | |
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1 | This act would require that certain quarterly reports required to be filed by district charter |
2 | schools, mayoral academies and independent charter schools be submitted to the commissioner of |
3 | elementary and secondary education. |
4 | This act would take effect upon passage. |
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