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 be excluded from the posted general ledger, such as taxpayer data and personal information of payees.

Additionally, the bill modifies the existing requirement for the Arizona Department of Administration (ADOA) to develop a financial transparency portal by shifting the responsibility to individual school districts and charter schools to ensure transparency in their financial reporting. The ADOA will still play a role by providing necessary data and assistance, but the focus will now be on the schools' direct accountability in posting their financial information. Overall, the bill aims to enhance transparency and accountability in school financial practices while protecting sensitive information.

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