Bill No.: HB0048                  Drafter:  DRN

LSO No.:  10LSO-0186              Effective Date:  7/1/2010

Enrolled Act No.:  HEA0001

Chapter No.:       1

Prime Sponsor:     Joint Education Interim Committee

Catch Title:       School finance audits-amendment.

Subject:  Periodic auditing of school district data submitted to the Department of Education for purposes of school finance formula computations.

Summary/Major Elements:

· School district audits conducted by the Department of Audit;

· Eliminates special provision for school audits of vocational education information and computations every three years, which places this component on the regular auditing schedule for all other model components;

· Regular audit schedule is to conduct a complete audit of each district once every five years, and to conduct individual component audits statewide which review any component for which district audits identify special data or reporting issues.