Code of Alabama - Title 16: Education - Chapter 13A - School Fiscal Accountability

• Section 16-13A-1 Fiscal management policies
  A local board of education, to ensure the sound fiscal management of board finances, upon the recommendation of the local superintendent of education, shall adopt...
• Section 16-13A-2 Financial oversight by State Superintendent of Education; appointment and duties of Chief Education Financial Officer; internal audits of schools and school systems
  (a) The State Superintendent of Education shall oversee the financial integrity of the various local boards of education and shall appoint a Chief Education Financial...
• Section 16-13A-3 Financial training of local superintendents of education
  (a) The State Superintendent of Education shall develop programs for the instruction and training of local superintendents of education in subjects including finance, instruction, and...
• Section 16-13A-4 Appointment; removal of chief school financial officer; qualifications
  (a) In consultation with the local superintendent of education, the local board of education shall appoint a chief school financial officer who shall be an...
• Section 16-13A-5 Supervision, fiduciary responsibility of chief school financial officer; duties
  (a) The chief school financial officer shall work under the direct supervision of the local superintendent of education but shall have a fiduciary responsibility to...
• Section 16-13A-6 Required reports
  (a) The State Board of Education shall by regulation provide for various financial and other information which local superintendents of education shall have prepared for...
• Section 16-13A-7 Audits
  (a)(1) The yearly business and financial transactions of a local board of education shall be audited as early as possible after the end of the...
• Section 16-13A-8 Authority to expend funds
  Each local board of education shall adopt procedures relating to the expenditure of funds which do not require express board approval prior to the expenditure....
• Section 16-13A-9 Reserve funds
  (a) A local board of education shall develop a plan to establish and maintain a minimum reserve fund equal to one month's operating expenses. Also,...
• Section 16-13A-10 Penalties for failing to comply with chapter
  If an employee or official of a local board of education deliberately, willfully, or wantonly fails to provide the local board of education, the State...
• Section 16-13A-11 Liability
  No individual member of a local board of education shall be held financially liable for misappropriation of funds of the local board of education unless...
• Section 16-13A-12 Bonding
  (a) The following officers and employees of a local board of education shall be bonded in amounts fixed by the local board of education and...
• Section 16-13A-13 Publication of budget and financial information
  Budget and financial information used for public hearings on local district budgets shall be published on a form provided by the State Superintendent of Education....

Last modified: May 3, 2021