§ 6-20-2103 - Certification by local district school board of directors.
6-20-2103. Certification by local district school board of directors.
(a) Annually by September 15 of each year, the local school board of directors of each school district shall:
(1) In a written report, certify to the State Board of Education:
(A) For the previous school year, the amount of the district's total interschool scholastic activity expenditures that were paid from state funds; and
(B) For the upcoming school year, the school district's total budgeted interschool scholastic activity expenditures to be paid from state funds;
(2) Provide the state board with a report of the school district's total interschool scholastic activity expenditures paid from state funds in a format approved by the state board or the Department of Education for the previous school year;
(3) Provide the state board with a budget for the interschool scholastic activity expenditures to be paid from state funds as set forth under subdivision (a)(1)(B) of this section for the upcoming year; and
(4) Provide the state board and the department with any additional information or documentation requested.
(b) (1) Any school district failing to comply with the provisions of this subchapter and the rules adopted by the state board for the implementation of this subchapter shall be identified by the department to be a school in fiscal distress in accordance with the Arkansas Fiscal Assessment and Accountability Program, 6-20-1901 et seq.
(2) Any report required by this subchapter shall be subject to a yearly audit which shall be filed as set forth under 6-20-1801 et seq.