CHAPTER 87

(HB 1148)

The annual report of a school district
to contain information about fund balances.

        ENTITLED, An Act to require that the annual report of a school district contain certain information regarding school district fund balances.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:

    Section 1. That § 13-8-47 be amended to read as follows:

    13-8-47. Before the first day of August every school board shall file an annual report with the Department of Education. The report shall contain all the educational and financial information and statistics of the school district as requested in a format established by the Department of Education. The report shall also contain, for each month of the fiscal year, the month-end cash balances of the school district's general fund, capital outlay fund, pension fund, and special education fund. The business manager with assistance of the secretary of the Department of Education shall make the annual report, and it shall be approved by the school board. The business manager shall sign the annual report and file a copy with the Department of Education as provided in § 13-13-37. The division shall audit the report and return one copy to the school district.

    Reports not filed prior to August thirtieth are considered past due and are subject to the past-due provisions of § 13-13-38.

     Signed March 11, 2015

_______________