N.J. Admin. Code § 6A:23A-4.1 - Additional powers of Commissioner to achieve fiscal accountability

(a) The Commissioner may appoint an external entity to perform a compliance audit of a school district's general fund spending upon identification that the school district may be spending State education funds for purposes that are not in compliance with State education laws and regulations.

(b) The final report shall include, as applicable:

1. Specific findings of:

i. Spending that was not in compliance with Federal and State law and regulations;

ii. Procedural noncompliance with Federal and State law and regulations;

iii. Noncompliance with GAAP and/or generally accepted business practices;

iv. Weaknesses in the system of internal controls; and

v. Questionable or inefficient spending practices;

2. The cause of each finding;

3. Specific corrective recommendations; and

4. The school district response to each finding and recommendation.

(c) The Commissioner may use the audit report as evidence for the appointment of a State monitor pursuant to N.J.S.A. 18A:7A-55.

(d) The school district shall reimburse the Department the total cost of the compliance audit if the audit determined State aid spending was not in compliance with State education law and regulation.

Notes

N.J. Admin. Code § 6A:23A-4.1

Amended by 49 N.J.R. 1038(a), effective 5/1/2017