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Assembly Bill A29C

2015-2016 Legislative Session

Relates to long range financial planning for school districts

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

multi-Sponsors

2015-A29 - Details

See Senate Version of this Bill:
S5236
Current Committee:
Assembly Ways And Means
Law Section:
Education Law
Laws Affected:
Add §3817, Ed L
Versions Introduced in Other Legislative Sessions:
2013-2014: A7196, S5456
2017-2018: A1060, S1651
2019-2020: A485
2021-2022: A5005

2015-A29 - Summary

Relates to long range financial planning for school districts; requires the superintendent of schools in consultation with the chief financial officer of each school district to prepare for approval by the board of trustees a three-year long-range financial plan to assist districts in establishing and planning financial goals and projections.

2015-A29 - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   29

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced  by M. of A. PAULIN -- Multi-Sponsored by -- M. of A. COOK --
  read once and referred to the Committee on Education

AN ACT to amend the education  law,  in  relation  to  establishing  the
  school district financial accountability act

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The education law is amended by adding a new article 78  to
read as follows:
                                ARTICLE 78
                SCHOOL DISTRICT FISCAL ACCOUNTABILITY ACT
SECTION 3817. SHORT TITLE.
        3818. LEGISLATIVE FINDINGS AND INTENT.
        3819. DEFINITIONS.
        3820. LONG RANGE FINANCIAL PLAN.
        3821. PUBLIC ACCESS TO FINANCIAL INFORMATION.
  S  3817.  SHORT TITLE. THIS ACT SHALL BE KNOWN AND MAY BE CITED AS THE
"SCHOOL DISTRICT FISCAL ACCOUNTABILITY ACT."
  S 3818. LEGISLATIVE FINDINGS AND INTENT. THE LEGISLATURE HEREBY FINDS,
DETERMINES AND DECLARES THAT:
  1. SCHOOL DISTRICT FINANCES ARE COMPLEX AND MULTI-FACETED AND  REQUIRE
A  HIGH  LEVEL OF EXPERTISE IN FISCAL MANAGEMENT TO ENSURE THAT TAXPAYER
FUNDS ARE PROPERLY MANAGED AND ALLOCATED.
  2. APPROPRIATELY MANAGED SCHOOL FINANCES ARE CRITICAL TO ENSURING THAT
SCHOOL DISTRICTS HAVE THE RESOURCES NECESSARY TO PROVIDE A  SOUND  BASIC
EDUCATION THAT PREPARES STUDENTS TO BE CAREER AND COLLEGE READY.
  3.  SCHOOL  DISTRICT  FINANCES SHOULD BE TRANSPARENT AND ACCESSIBLE TO
THE PUBLIC SO THEY MAY HAVE A CLEAR PICTURE OF THE FISCAL  CONDITION  OF
THE SCHOOL DISTRICT.
  S 3819. DEFINITIONS. FOR THE PURPOSE OF THIS ARTICLE:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00541-01-5

multi-Sponsors

2015-A29A - Details

See Senate Version of this Bill:
S5236
Current Committee:
Assembly Ways And Means
Law Section:
Education Law
Laws Affected:
Add §3817, Ed L
Versions Introduced in Other Legislative Sessions:
2013-2014: A7196, S5456
2017-2018: A1060, S1651
2019-2020: A485
2021-2022: A5005

2015-A29A - Summary

Relates to long range financial planning for school districts; requires the superintendent of schools in consultation with the chief financial officer of each school district to prepare for approval by the board of trustees a three-year long-range financial plan to assist districts in establishing and planning financial goals and projections.

2015-A29A - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  29--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced  by M. of A. PAULIN -- Multi-Sponsored by -- M. of A. COOK --
  read once and referred to the  Committee  on  Education  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN  ACT  to amend the education law, in relation to long range financial
  planning for school districts

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  The education law is amended by adding a new section 3817
to read as follows:
  S 3817. LONG RANGE FINANCIAL PLAN. 1. EACH YEAR, COMMENCING  WITH  THE
PROPOSED  BUDGET  FOR  THE  TWO THOUSAND SIXTEEN--TWO THOUSAND SEVENTEEN
SCHOOL YEAR, THE CHIEF FINANCIAL OFFICER OF  EACH  SCHOOL  DISTRICT,  IN
CONSULTATION  WITH  THE  BOARD  OF  TRUSTEES  AND  THE  AUDIT COMMITTEE,
PROVIDED SUCH COMMITTEE EXISTS, SHALL PREPARE FOR APPROVAL BY THE  BOARD
OF  TRUSTEES  A  LONG RANGE FINANCIAL PLAN TO ASSIST DISTRICTS IN ESTAB-
LISHING AND PLANNING FINANCIAL GOALS AND PROJECTIONS.
  2. THE CHIEF FINANCIAL OFFICER MAY INCLUDE, BUT NOT BE LIMITED TO, THE
ASSISTANT SUPERINTENDENT FOR BUSINESS,  SCHOOL  BUSINESS  ADMINISTRATOR,
SCHOOL BUSINESS OFFICER, OR OTHER SIMILAR OFFICIAL THAT REPORTS DIRECTLY
TO  THE  SUPERINTENDENT  AND  HOLDS  THE  APPROPRIATE  CERTIFICATION  AS
REQUIRED BY THE DEPARTMENT FOR A SCHOOL DISTRICT  ADMINISTRATOR,  SCHOOL
BUSINESS  ADMINISTRATOR,  OR  SCHOOL  DISTRICT BUSINESS LEADER, OR OTHER
PERSON HOLDING AN APPROPRIATE CERTIFICATE AS DETERMINED BY  THE  DEPART-
MENT.
  3.  A LONG RANGE FINANCIAL PLAN SHALL MEAN A PLAN THAT INCLUDES INFOR-
MATION FOR THE CURRENT SCHOOL YEAR AND  PROJECTIONS  FOR  AT  LEAST  THE
SUBSEQUENT  TWO  YEARS OF THE SCHOOL DISTRICT THAT COVERS: (A) REVENUES;
(B) EXPENDITURES; (C)  UNASSIGNED  FUND  BALANCE;  (D)  RESTRICTED  FUND

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00541-03-5

multi-Sponsors

2015-A29B - Details

See Senate Version of this Bill:
S5236
Current Committee:
Assembly Ways And Means
Law Section:
Education Law
Laws Affected:
Add §3817, Ed L
Versions Introduced in Other Legislative Sessions:
2013-2014: A7196, S5456
2017-2018: A1060, S1651
2019-2020: A485
2021-2022: A5005

2015-A29B - Summary

Relates to long range financial planning for school districts; requires the superintendent of schools in consultation with the chief financial officer of each school district to prepare for approval by the board of trustees a three-year long-range financial plan to assist districts in establishing and planning financial goals and projections.

2015-A29B - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  29--B

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced  by M. of A. PAULIN -- Multi-Sponsored by -- M. of A. COOK --
  read once and referred to the  Committee  on  Education  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to  said  committee  -- reported and referred to the Committee on Ways
  and Means -- committee discharged, bill amended, ordered reprinted  as
  amended and recommitted to said committee

AN  ACT  to amend the education law, in relation to long range financial
  planning for school districts

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  The education law is amended by adding a new section 3817
to read as follows:
  S 3817. LONG RANGE FINANCIAL PLAN. 1. EACH YEAR, COMMENCING  WITH  THE
PROPOSED  BUDGET  FOR  THE  TWO THOUSAND SIXTEEN--TWO THOUSAND SEVENTEEN
SCHOOL YEAR, THE SUPERINTENDENT OF  SCHOOLS  IN  CONSULTATION  WITH  THE
CHIEF  FINANCIAL OFFICER OF EACH SCHOOL DISTRICT, AND THE BOARD OF TRUS-
TEES, SHALL PREPARE FOR APPROVAL BY THE BOARD OF TRUSTEES A  LONG  RANGE
FINANCIAL  PLAN  TO  ASSIST  SUCH DISTRICTS IN ESTABLISHING AND PLANNING
FINANCIAL GOALS AND PROJECTIONS.
  2. A LONG RANGE FINANCIAL PLAN SHALL MEAN A PLAN THAT INCLUDES  INFOR-
MATION  FOR  THE  CURRENT  SCHOOL  YEAR AND PROJECTIONS FOR AT LEAST THE
SUBSEQUENT TWO YEARS OF THE SCHOOL DISTRICT THAT COVERS:  (A)  REVENUES;
(B)  EXPENDITURES;  (C)  UNASSIGNED  FUND  BALANCE;  (D) RESTRICTED FUND
BALANCE; (E) GRANT AWARDS; AND (F) CAPITAL  CONSTRUCTION  PROJECT  PLAN-
NING.
  3.  A  SCHOOL  DISTRICT MUST POST ON ITS WEBSITE, IF AVAILABLE, AND IN
FIVE PUBLIC PLACES IN SAID DISTRICT, THE DISTRICT'S LONG RANGE FINANCIAL
PLAN, ANNUAL  AUDITED  FINANCIAL  STATEMENT,  INCLUDING  ANY  CORRECTIVE
ACTION  PLAN AS REQUIRED BY SECTION TWENTY-ONE HUNDRED SIXTEEN-A OF THIS
CHAPTER, AND ADOPTED ANNUAL BUDGET.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

multi-Sponsors

2015-A29C (ACTIVE) - Details

See Senate Version of this Bill:
S5236
Current Committee:
Assembly Ways And Means
Law Section:
Education Law
Laws Affected:
Add §3817, Ed L
Versions Introduced in Other Legislative Sessions:
2013-2014: A7196, S5456
2017-2018: A1060, S1651
2019-2020: A485
2021-2022: A5005

2015-A29C (ACTIVE) - Summary

Relates to long range financial planning for school districts; requires the superintendent of schools in consultation with the chief financial officer of each school district to prepare for approval by the board of trustees a three-year long-range financial plan to assist districts in establishing and planning financial goals and projections.

2015-A29C (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  29--C

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced  by M. of A. PAULIN -- Multi-Sponsored by -- M. of A. COOK --
  read once and referred to the  Committee  on  Education  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to  said  committee  -- reported and referred to the Committee on Ways
  and Means -- committee discharged, bill amended, ordered reprinted  as
  amended  and  recommitted  to  said  committee  --  recommitted to the
  Committee on Education in accordance with Assembly Rule 3, sec.  2  --
  committee  discharged,  bill amended, ordered reprinted as amended and
  recommitted to said committee

AN ACT to amend the education law, in relation to long  range  financial
  planning for school districts

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The education law is amended by adding a new  section  3817
to read as follows:
  S  3817.  LONG RANGE FINANCIAL PLAN. 1. EACH YEAR, COMMENCING WITH THE
PROPOSED BUDGET FOR THE TWO THOUSAND  SEVENTEEN--TWO  THOUSAND  EIGHTEEN
SCHOOL  YEAR,  THE  SUPERINTENDENT  OF  SCHOOLS IN CONSULTATION WITH THE
CHIEF FINANCIAL OFFICER OF EACH SCHOOL DISTRICT, AND THE BOARD OF  TRUS-
TEES,  SHALL  PREPARE FOR APPROVAL BY THE BOARD OF TRUSTEES A LONG RANGE
FINANCIAL PLAN TO ASSIST SUCH DISTRICTS  IN  ESTABLISHING  AND  PLANNING
FINANCIAL GOALS AND PROJECTIONS.
  2.  A LONG RANGE FINANCIAL PLAN SHALL MEAN A PLAN THAT INCLUDES INFOR-
MATION FOR THE CURRENT SCHOOL YEAR AND  PROJECTIONS  FOR  AT  LEAST  THE
SUBSEQUENT  TWO  YEARS OF THE SCHOOL DISTRICT THAT COVERS: (A) REVENUES;
(B) EXPENDITURES; (C)  UNASSIGNED  FUND  BALANCE;  (D)  RESTRICTED  FUND
BALANCE;  (E)  GRANT  AWARDS; AND (F) CAPITAL CONSTRUCTION PROJECT PLAN-
NING.
  3. A SCHOOL DISTRICT MUST POST ON ITS WEBSITE, IF  AVAILABLE,  AND  IN
FIVE PUBLIC PLACES IN SAID DISTRICT, THE DISTRICT'S LONG RANGE FINANCIAL

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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