6A-1.087: School Board Responsible for Internal Funds
PURPOSE AND EFFECT: The purpose of the amendment is to require that written policies governing the receipt and disbursement of internal funds adopted by school districts are consistent with those required in the publication “Financial and Program Cost Accounting and Reporting for Florida Schools” as incorporated by reference in Rule 6A-1.001, F.A.C. The effect is a rule consistent with current requirements.
SUMMARY: The rule is amended to ensure consistency.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS: No Statement of Estimated Regulatory Cost was prepared.
Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.
SPECIFIC AUTHORITY: 1001.02(1), 1011.07 FS.
LAW IMPLEMENTED: 1011.07 FS.
A HEARING WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:
DATE AND TIME: August 19, 2008, 8:30 a.m.
PLACE: 400 South Monroe Street, Room LL03, The Capitol, Tallahassee, Florida 32399
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Linda Champion, Deputy Commissioner for Finance and Operations, Department of Education, 325 West Gaines Street, Room 1214, Tallahassee, Florida 32399-0400, (850)245-0506
THE FULL TEXT OF THE PROPOSED RULE IS:
6A-1.087 School Board Responsible for Internal Funds.
The school board shall be responsible for the administration and control of the internal funds of the district school system, and in connection therewith shall:
(1) Adopt written policies governing the receipt and disbursement of all internal funds consistent with requirements prescribed pursuant to Rule 6A-1.001, F.A.C., and for the accounting for property pursuant to Chapters 230, 235 and 274, Florida Statutes.
(2) Provide for an annual audit of internal funds by a person certified by the state board of accountancy as a certified public accountant or a public accountant, or qualified internal auditing staff employed by the board. The auditor shall submit a signed, written report to the school board covering internal funds which shall include any notations of any failure to comply with requirements of Florida Statutes, state board of education regulations and policies of the school board, and commentary as to financial management and irregularities. Such audit shall be presented to the school board while in session and filed as a part of the public record.
Specific Authority 229.053(1), 237.02(4) FS. Law Implemented 237.02(4) FS. History–Amended 4-11-70, 9-17-72, 10-31-74, Repromulgated 12-5-74, Amended 3-24-75, Formerly 6A-1.87, Amended________.