Bill Text: NY A01298 | 2013-2014 | General Assembly | Introduced

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Bill Title: Modifies the internal audit function of school districts.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2014-01-08 - referred to education [A01298 Detail]

Download: New_York-2013-A01298-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         1298
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 9, 2013
                                      ___________
       Introduced  by  M.  of  A.  ZEBROWSKI  --  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:
    1    Section  1.  Subdivisions  1  and 2 of section 2116-b of the education
    2  law, as added by chapter 263 of the laws of 2005, are amended to read as
    3  follows:
    4    1. No later than July first, two thousand six,  each  school  district
    5  shall  establish  an internal audit function to be in operation no later
    6  than the following December thirty-first. Such function  shall  include:
    7  (a)  development  of a risk assessment of district operations, including
    8  but not limited to, a review of financial policies  and  procedures  and
    9  the  testing and evaluation of district internal controls; (b) [an annu-
   10  al] A review and update of such risk assessment; and (c) preparation  of
   11  reports[, at least annually] EVERY THREE YEARS or more frequently as the
   12  trustees  or  board  of  education may direct, which analyze significant
   13  risk assessment findings, recommend changes for  strengthening  controls
   14  and reducing identified risks, and specify timeframes for implementation
   15  of such recommendations.
   16    2.  School  districts  [of  less than eight teachers, school districts
   17  with actual general fund expenditures totaling less  than  five  million
   18  dollars  in  the  previous school year, or school districts] with actual
   19  enrollment of less than [three hundred] ONE  THOUSAND  students  in  the
   20  previous  school  year shall be exempt from this requirement. Any school
   21  district claiming such exemption shall annually certify to  the  commis-
   22  sioner  that  such  school  district meets the requirements set forth in
   23  this subdivision.
   24    S 2. This act shall take effect immediately and  shall  apply  to  all
   25  school years commencing on or after July 1, 2013.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD00460-01-3