SB2373

Report Title:

Department of Education; Financial Audits

 

Description:

Directs board of education to conduct annual financial audits of the public educational system.

THE SENATE	S.B. NO.	2373
TWENTY-FIRST LEGISLATURE, 2002
STATE OF HAWAII

A BILL FOR AN ACT

 

relating to education.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. The purpose of this Act is to require the board of education, the policy making body for the department of education, to conduct annual financial audits of the public educational system.

SECTION 2. Section 302A-1301, Hawaii Revised Statutes, is amended to read as follows:

"[[]§302A-1301[]] School system financial accountability. (a) Beginning with the 1995-1997 fiscal biennium, the department's administrative expenditures shall not exceed 6.5 per cent of the total department operating budget unless approved by the legislature.

(b) The department shall not transfer any funds appropriated under the school-based budgeting program EDN 100 of the state budget, except for unforeseeable circumstances that pose a threat to the health and safety of personnel and students, and subject to approval by the governor and notification to the legislature.

(c) The board shall conduct an annual financial audit of all income, appropriations, and expenditures within the public education system, and shall report its findings to the legislature at least twenty days prior to the convening of each regular legislative session."

SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 4. This Act shall take effect upon its approval.

INTRODUCED BY:	_____________________________