Existing law requires the board of trustees of each school district to submit a report to the Superintendent of Public Instruction and the Department of Taxation which includes information on the school district's actual and proposed expenditures. (NRS 387.303) Section 1 of this bill requires the board of trustees of each school district to submit a report to the Department of Education that clearly and concisely explains each expenditure made by the school district and each school in the school district. Section 1 requires the report to include: (1) the category of spending for each expenditure; (2) how each expenditure was used; and (3) the source of revenue for each expenditure. Section 1 further requires the Department, each school district and each school that hosts an Internet website to make the information provided in the report available on their respective Internet websites. Existing law requires boards of trustees of county school districts to prepare budgets. (NRS 387.300) Section 2 of this bill requires the boards of trustees to base their budgets on the total amount of money available per pupil in the preceding fiscal year. Section 2 also requires that each budget reflect, in plain language, the: (1) total expenditures of the school district; (2) expenditures of each school within the school district; and (3) expenditures common to the school district. Under existing law, the Department is required to develop a uniform system of budgeting and accounting for all the public schools in this State. (NRS 387.3035) Section 3 of this bill requires such a system to be based on generally accepted accounting principles.

Statutes affected:
As Introduced: 387.300, 387.3035