If this bill were to become law, it would amend current statutes by requiring each school district and charter school to annually post a copy of the previous fiscal year's general ledger on their respective websites by October 1. This general ledger must include detailed information such as receipts of revenues, expenditures, and disbursements, and must list specific details about each transaction, including the manner of payment, funding source, transaction description, payment date and amount, and the name of the recipient. The bill also specifies that certain confidential information must not be included in the posted general ledger.

Additionally, the bill updates the language in the current statute to clarify the responsibilities of the Arizona Department of Administration and the requirements for the financial transparency portal. It replaces the previous requirement for the Department of Administration to include each entry into a school's general ledger with the new mandate for schools to post their general ledgers directly. The bill also makes technical and conforming changes to ensure consistency with the new requirements.

Statutes affected:
Introduced Version: 15-747
Senate Engrossed Version: 15-747