This bill amends RSA 198:4-d to include public academies in the financial reporting requirements that currently apply to cities, school districts, and chartered public schools. The new legal language specifies that the governing bodies of public academies must submit various financial reports to the commissioner of the department of education, including certifications of appropriations, revised revenue estimates, and a summary of receipts and expenditures for the preceding fiscal year. Each report must be certified by the chairperson of the governing body, affirming the accuracy and completeness of the information provided.

Additionally, the bill introduces the requirement for public academies to submit audited financial statements if they undergo an independent audit. The effective date for these new reporting requirements is set for January 1, 2026. Overall, the bill aims to enhance financial transparency and accountability for public academies by aligning their reporting obligations with those of other educational entities.

Statutes affected:
Introduced: 198:4-d