Bill > SB1625

This bill amends Arizona's school financial transparency requirements by mandating that the department of administration develop a comprehensive school financial transparency portal that provides detailed financial information for charter schools, individual schools, and school districts. The portal will include data on total revenues by weighted student count, federal/state/local revenue allocations, classroom site fund monies, expenditure breakdowns for teacher pay, benefits, supplies, student support, and a comparative analysis between schools within the same local education agency. Additionally, the bill requires each school district and charter school to post their annual general ledger on their website by October 1st, with specific detailed reporting requirements including payment methods, funding sources, transaction descriptions, payment dates, and recipient information. The department of education and charter school board must assist in providing necessary data, and the department of administration will contract with a third-party vendor to develop the portal, with strict qualifications for the contractor, such as having at least five years of experience in education finance technology and cloud-hosted software development. The goal is to increase financial transparency and provide easily accessible, comprehensive financial information about schools' revenues and expenditures.

Education

https://apps.azleg.gov/BillStatus/BillOverview/83060