AB 1086, as introduced, Morrell. Charter schools: financial reports.
Existing law requires each charter school to annually prepare and submit a preliminary budget and certain financial reports by specified dates to its chartering authority and the county superintendent of schools, or only to the county superintendent of schools if the county board of education is the chartering authority. Existing law requires the cost of performing the duties required by this provision to be funded with supervisorial oversight fees collected as specified.
This bill would instead require each charter school to only submit the preliminary budget and financial reports, as discussed above, to the chartering authority. The bill would, if the charting authority is a school district, require the school district to submit the preliminary budget and financial reports received from each charter school to the county superintendent of schools by specified dates. To the extent the supervisorial oversight fees are insufficient to reimburse a school district for submitting the preliminary budget and financial reports received from each charter school to the county superintendent of schools, the bill would impose a state-mandated local program.
The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement.
This bill would provide that with regard to certain mandates no reimbursement is required by this act for a specified reason.
With regard to any other mandates, this bill would provide that, if the Commission on State Mandates determines that the bill contains costs so mandated by the state, reimbursement for those costs shall be made pursuant to the statutory provisions noted above.
Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: yes.
The people of the State of California do enact as follows:
Section 47604.33 of the Education Code is
2amended to read:
(a) Each charter school shall annually prepare and
4submit the following reports to itsbegin delete chartering authority and the
5county superintendent of schools, or only to the county
6superintendent of schools if the county board of education is theend delete
7 chartering authority:
8(1) On or before July 1, a preliminary budget. For a charter
9school in its first year of operation, the information submitted
10pursuant to subdivision (g) of Section 47605 satisfies this
11requirement.
12(2) On or before December 15, an interim financial report. This
13report shall reflect changes through October 31.
14(3) On or before March 15, a second interim financial report.
15This report shall reflect changes through January 31.
16(4) On or before September 15, a final unaudited report for the
17full prior year.
18(b) The chartering authority shall use any financial information
19it obtains from the charter school, including, but not limited to,
20the reports required by this section, to assess the fiscal condition
21of the charter school pursuant to subdivision (d) of Section
2247604.32.
23(c) If the chartering authority is a school district, the chartering
24authority shall then submit all fiscal reports received from charter
25schools under its oversight to the county superintendent of schools
26by the following dates:
27(1) On or before July 15, the preliminary budget.
end insertbegin insert28(2) On or before December 31, the interim financial report.
end insertbegin insert29(3) On or before March 31, the second interim financial report.
end insertbegin insert
P3 1(4) On or before September 30, the final unaudited report for
2the full prior year.
3(c)
end delete
4begin insert(d)end insert The cost of
performing the duties required by this section
5shall be funded with supervisorial oversight fees collected pursuant
6to Section 47613.
No reimbursement is required by this act pursuant to
8Section 6 of Article XIII B of the California Constitution for certain
9costs that may be incurred by a local agency or school district
10because, in that regard, a local agency or school district has the
11authority to levy service charges, fees, or assessments that may be
12sufficient to pay for the program or level of service mandated by
13this act, within the meaning of Section 17556 of the Government
14Code.
15However, if the Commission on State Mandates determines that
16this act contains other costs mandated by the state, reimbursement
17to local agencies and school districts for those costs shall be made
18pursuant to Part 7 (commencing with Section 17500) of Division
194 of Title 2
of the Government Code.
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