Requires the state comptroller and the comptroller of the city of New York to coordinate the scheduling and performance of audits of charter schools in the city of New York.
STATE OF NEW YORK
________________________________________________________________________
7766
2019-2020 Regular Sessions
IN ASSEMBLY
May 20, 2019
___________
Introduced by M. of A. BENEDETTO -- read once and referred to the
Committee on Education
AN ACT to amend the education law, in relation to charter schools in
cities with a population of one million or more
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph (c) of subdivision 1 of section 2854 of the
2 education law, as amended by section 10-b of part A of chapter 56 of the
3 laws of 2014, is amended to read as follows:
4 (c) (i) A charter school shall be subject to the financial audits, the
5 audit procedures, and the audit requirements set forth in the charter,
6 and shall be subject to audits of the comptroller [of the city school
7 district] of the city of New York for charter schools located in New
8 York city, and to the audits of the comptroller of the state of New York
9 [for charter schools located in the rest of the state], at his or her
10 discretion, with respect to the school's financial operations.
11 (ii) Such audit procedures and standards shall be consistent with
12 generally accepted accounting and audit standards. Independent fiscal
13 audits shall be required at least once annually.
14 (iii) To avoid duplication of effort and in the interest of economy
15 and avoiding interference with school operations, prior to conducting an
16 audit of a charter school in New York city, the state comptroller and
17 the comptroller of the city of New York shall coordinate the scheduling
18 and performance of such audits.
19 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD10779-01-9
