S T A T E O F N E W Y O R K
________________________________________________________________________
1478
2015-2016 Regular Sessions
I N A S S E M B L Y
January 12, 2015
___________
Introduced by M. of A. ZEBROWSKI, STIRPE -- read once and referred to
the Committee on Education
AN ACT to amend the education law, in relation to modifying the internal
audit function of school districts
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivisions 1 and 2 of section 2116-b of the education
law, subdivision 1 as added by chapter 263 of the laws of 2005 and
subdivision 2 as amended by section 4 of part A of chapter 57 of the
laws of 2013, are amended to read as follows:
1. No later than July first, two thousand six, each school district
shall establish an internal audit function to be in operation no later
than the following December thirty-first. Such function shall include:
(a) development of a risk assessment of district operations, including
but not limited to, a review of financial policies and procedures and
the testing and evaluation of district internal controls; (b) [an annu-
al] A review and update of such risk assessment; and (c) preparation of
reports[, at least annually] EVERY THREE YEARS or more frequently as the
trustees or board of education may direct, which analyze significant
risk assessment findings, recommend changes for strengthening controls
and reducing identified risks, and specify timeframes for implementation
of such recommendations.
2. School districts [of less than eight teachers, school districts
with actual general fund expenditures totaling less than five million
dollars in the previous school year, or school districts] with actual
enrollment of less than one thousand [five hundred] students in the
previous school year shall be exempt from this requirement. Any school
district claiming such exemption shall annually certify to the commis-
sioner that such school district meets the requirements set forth in
this subdivision.
S 2. This act shall take effect immediately and shall apply to all
school years commencing on or after July 1, 2015.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.