Bill > S00552

This bill amends the New York State Education Law to require coordination between the state comptroller and the New York City comptroller when conducting financial audits of charter schools in New York City. Currently, charter schools are subject to financial audits by the respective city or state comptrollers, but this legislation specifically mandates that before conducting an audit of a charter school in New York City, the state comptroller must coordinate the scheduling and performance of the audit with the city comptroller. The bill clarifies that charter schools will continue to be subject to annual independent fiscal audits that follow generally accepted accounting and audit standards, with audits to be conducted at the discretion of the appropriate comptroller. The purpose appears to be to improve the efficiency and coordination of financial oversight for charter schools in New York City by ensuring that state and city auditing authorities work together when examining charter school financial operations.

Education

https://www.nysenate.gov/legislation/bills/2025/S552