If this bill were to become law, it would amend current statutes by requiring each school district and charter school to post a copy of the previous fiscal year's general ledger on their respective websites by October 1 each year. This general ledger must include detailed information such as receipts of revenues, expenditures, and disbursements, and must specify the manner of payment, funding sources, transaction descriptions, payment dates and amounts, and the names of recipients. The bill also clarifies that certain confidential information, such as taxpayer data and individual recipient payments, must not be included in the posted general ledger.

Additionally, the bill modifies existing language to enhance clarity and compliance. It replaces the previous requirement for the Arizona Department of Administration (ADOA) to include each entry in a school's general ledger on a financial transparency portal with the new requirement for schools to post their general ledgers directly. The bill also makes technical and conforming changes to ensure consistency with the new provisions. Overall, these updates aim to improve transparency and accountability in school financial reporting.

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