Citations Affected: IC 5-3-1-3 ; IC 20-1-21-4.
Synopsis: Publication of school corporation reports. Allows the
governing body of a school corporation to publish the school
corporation's annual financial report and annual performance report at
the same time. Allows the annual reports to be published as an insert
or special section of a newspaper or qualified publication.
Effective: July 1, 2001.
January 18, 2001, read first time and referred to Committee on Education.
A BILL FOR AN ACT to amend the Indiana Code concerning
, AS AMENDED BY P.L.98-2000,
SECTION 1, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
JULY 1, 2001]: Sec. 3. (a) Within sixty (60) days after the expiration
of each calendar year, the fiscal officer of each civil city and town in
Indiana shall publish an annual report of the receipts and expenditures
of the city or town during the preceding calendar year. The statement
must include the name of and compensation paid to each county
officer, deputy, and employee.
(b) Not earlier than August 1 or later than
August September 15 of
each year, the secretary of each school corporation in Indiana shall
publish an annual financial report. The annual financial report may
be published at the same time the school corporation annual
performance report required under
is published. If the
annual financial report is published with the school corporation
annual performance report, the annual financial report must
conform to the format established for the school corporation
annual performance report.
all other evidences of indebtedness outstanding and unpaid at the
close of the prior calendar year.
(d) The school corporation may provide an interpretation or explanation of the information included in the financial report. An interpretation or explanation may include the use of charts, graphs, and tables to clarify the information.
(e) The department of education shall do the following:
(1) Develop guidelines for the preparation and form of the financial report.
(2) Provide information to assist school corporations in the preparation of the financial report.
(f) The annual reports required by this section and IC 36-2-2-19 and the abstract required by IC 36-6-4-13 shall each be published one (1) time only, in accordance with this chapter.
(g) Each school corporation shall submit to the department of education a copy of the financial report required under this section. The department of education shall make the financial reports available for public inspection.
SECTION 2. IC 20-1-21-4 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2001]: Sec. 4. (a) Not earlier than
September August 1 or later than September 15 of each year, the
governing body of a school corporation shall publish an annual
performance report of the school corporation, in compliance with the
procedures identified in section 8 of this chapter. The report:
(1) must be published one (1) time annually under IC 5-3-1 ; and
(2) may be published at the same time the annual financial report of the school corporation required under IC 5-3-1-3 is published.
(b) The governing body of a school corporation may publish:
(1) the annual performance report of the school corporation; and
(2) the annual financial report of the school corporation required under IC 5-3-1-3 ;
as an insert or special section of the newspaper (as defined in IC 5-3-1-0.4 ) or qualified publication (as defined in IC 5-3-1-0.7 ) if the type size used in the insert or special section meets or exceeds the type size required under IC 5-3-1-1 (c).