Ga. Comp. R. & Regs. R. 160-5-2-.21 - Annual Financial and Budget Reports
(1)
REQUIREMENTS.
(a) Local units of administration shall
submit an annual financial and budget report to the Georgia Department of
Education.
1. The annual financial and budget
report shall be submitted by a date prescribed by the Department unless an
extension is granted.
(b) Each local unit of administration shall
prepare its annual financial report by fund, revenue source, function, program,
object, and facility/school/program code for each school and program within the
unit, conforming to the format provided by the Department.
(c) Each local unit of administration shall
prepare its budget report by fund, revenue source, function, program, object
and facility/school/program code for each school and program within the unit,
conforming to the format provided by the Department.
1. School budget information shall be
reported for information purposes only and shall not be binding on local units
of administration, unless required by certain federal or state grant
requirements.
(d) Each
local board of education shall provide information regarding each school site's
average class size by grade.
(e)
Each local unit of administration shall comply with procedures prescribed in
the Financial Management for Georgia Local Units of
Administration for the preparation of the annual financial and budget
reports, and shall comply with procedures prescribed by the Department for and
average class size reports.
(f)
Each local unit of administration's and each school's average class size by
grade, financial and budget data shall be reported to members of the school
council and general public through the Office of Student Achievement's report
card.
(g) The local board of
education shall raise and apply the required amount of local five
mills.
(h) The Department will
provide all financial and budgetary information for each school district, state
charter school, and each school within each school system, as provided by each
local unit of administration, on its public facing website, to provide
transparency of financial information to the greatest extent practicable.
1. In addition to the information required by
this Rule, the Department will provide certain analyses of data and links to
other disclosures as prescribed by law.
(i) Each school district, state charter
school, and each school within each school system will provide a link on their
public facing websites to the Department's public facing website in which the
financial and budgetary information is disclosed.
Notes
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