BILL NUMBER: AB 2366	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Brownley

                        FEBRUARY 19, 2010

   An act to amend Section 47604.33 of the Education Code, relating
to charter schools.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2366, as introduced, Brownley. Charter schools.
   Existing law requires each charter school annually to prepare and
submit specified reports to its chartering authority and the county
superintendent of schools, as applicable, including a preliminary
budget on or before July 1.
   This bill instead would require each charter school annually to
prepare and submit a preliminary budget on or before June 1.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 47604.33 of the Education Code is amended to
read:
   47604.33.  (a) Each charter school shall annually prepare and
submit the following reports 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:
   (1) On or before  July   June  1, a
preliminary budget. For a charter school in its first year of
operation, the information submitted pursuant to subdivision (g) of
Section 47605 satisfies this requirement.
   (2) On or before December 15, an interim financial report. This
report shall reflect changes through October 31.
   (3) On or before March 15, a second interim financial report. This
report shall reflect changes through January 31.
   (4) On or before September 15, a final unaudited report for the
full prior year.
   (b) The chartering authority shall use any financial information
it obtains from the charter school, including, but not limited to,
the reports required by this section, to assess the fiscal condition
of the charter school pursuant to subdivision (d) of Section
47604.32.
   (c) The cost of performing the duties required by this section
shall be funded with supervisorial oversight fees collected pursuant
to Section 47613.