This bill amends RSA 198:4-d to include public academies in the financial reporting requirements previously applicable only 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. These reports include certifications of appropriations, revised estimates of revenues, and a summary of receipts and expenditures, all of which must be filed by specified deadlines. Additionally, the bill mandates that each report must include a certification signed by the governing body’s chairperson, affirming the accuracy and completeness of the information provided.

The bill also introduces a requirement for public academies to submit audited financial statements if they undergo an independent audit. This aligns with existing requirements for cities and school districts. 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 integrating them into the established reporting framework for educational institutions.

Statutes affected:
Introduced: 198:4-d