This bill proposes updates to section 15-183 of the Arizona Revised Statutes concerning charter schools. It maintains the current requirement that charter schools adhere to the same financial and electronic data submission standards as school districts, including compliance with the uniform system of financial records, procurement rules, and audit requirements. However, it removes the mandate for the auditor general to conduct a comprehensive review and revision of the uniform system of financial records specifically for charter schools, which was aimed at aligning these provisions with private business accounting principles.

Additionally, the bill clarifies that while a school's charter may include exceptions to certain requirements, it explicitly states that no exemptions can be made from the uniform system of financial records. This reinforces the accountability and financial transparency of charter schools, ensuring they follow the same financial standards as traditional school districts. The provisions regarding the department of education and the office of the auditor general conducting audits remain unchanged.

Statutes affected:
Introduced Version: 15-183