New Mexico Statutes
Article 8 - Public School Finance
Section 22-8-13.2 - Financial reporting.

A. Each local superintendent or person in charge of the fiscal management of a charter school shall provide quarterly reports on the financial position of the school district or charter school, as applicable, to the local school board of the school district or the governing body of the charter school for use in reviewing the financial status of the school district or charter school. The department shall develop the forms to be used for the financial reporting required under this section. The forms shall provide for at least the following:
(1) a report on the budget status of the local school district or charter school, including the approved operating budget for revenues and expenses compared with year-to-date actual revenue and expenses;
(2) a statement of any budget adjustment requests;
(3) cash reports, including revenue, expenses, temporary loans and cash balances for operational, state and federal grants, capital outlay and debt service funds;
(4) voucher reports, including a list of issued warrants or checks;
(5) reports listing procurement, travel or gas card expenses; and
(6) investment reports.
B. School districts and charter schools shall post the reports required under Subsection A of this section on the school district's or charter school's web site.
C. As used in this section:
(1) "charter school" means a school organized as a charter school pursuant to the provisions of the Charter Schools Act [Chapter 22, Article 8B NMSA 1978]; and
(2) "governing body" means the governing structure of a charter school as set forth in the school's charter.
History: Laws 2011, ch. 12, § 1.
Effective dates. — Laws 2011, ch. 12 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 17, 2011, 90 days after the adjournment of the legislature.

Structure New Mexico Statutes

New Mexico Statutes

Chapter 22 - Public Schools

Article 8 - Public School Finance

Section 22-8-1 - Short title.

Section 22-8-2 - Definitions.

Section 22-8-3 - Office of education abolished; functions transferred.

Section 22-8-4 - Department; duties.

Section 22-8-5 - Rules; procedures.

Section 22-8-5.1 - Procurement, travel and gas cards.

Section 22-8-6 - Operating budgets; educational plans; submission; certain reports; failure to submit.

Section 22-8-6.1 - Charter school operating budgets; maximum MEM.

Section 22-8-7 - Manner of budget submission.

Section 22-8-7.1 - Certain school district budgets.

Section 22-8-8 - Budgets; minimum student membership.

Section 22-8-9 - Budgets; minimum requirements.

Section 22-8-10 - Budgets; fixing the operating budget.

Section 22-8-11 - Budgets; approval of operating budget.

Section 22-8-12 - Operating budgets; amendments.

Section 22-8-12.1 - Membership projections and budget requests.

Section 22-8-12.2 - Repealed.

Section 22-8-12.3 - Local school board finance subcommittee; audit committee; membership; duties.

Section 22-8-13 - Reports.

Section 22-8-13.1 - School district and charter school audits; sanctions for not submitting timely audit reports.

Section 22-8-13.2 - Financial reporting.

Section 22-8-13.3 - Reporting system; reporting requirements.

Section 22-8-14 - Public school fund.

Section 22-8-15 - Allocation limitation.

Section 22-8-16 - Payment to school districts.

Section 22-8-17 - Program cost determination; required information.

Section 22-8-18 - Program cost calculation; local responsibility.

Section 22-8-19 - Early childhood education program units.

Section 22-8-19.1 - Preschool programs; selected districts.

Section 22-8-20 - Basic program units.

Section 22-8-21 - Special education program units.

Section 22-8-22 - Bilingual multicultural education program units.

Section 22-8-23 - Size adjustment program units.

Section 22-8-23.1 - Enrollment growth program units.

Section 22-8-23.2 - New district adjustment; additional program units.

Section 22-8-23.3 - At-risk program units.

Section 22-8-23.4 - National board for professional teaching standards; certified teachers program units.

Section 22-8-23.5 - Fine arts education program units.

Section 22-8-23.6 - Charter school student activities program unit.

Section 22-8-23.7 - Elementary physical education program units.

Section 22-8-23.8 - Home school student activities program unit.

Section 22-8-23.9 - Home school student program units.

Section 22-8-23.10 - Extended learning time program.

Section 22-8-23.11 - K-5 plus program units.

Section 22-8-23.12 - New program funding.

Section 22-8-23.13 - Public education reform fund created.

Section 22-8-24 - Instructional staff training and experience index; definitions; factors; calculations.

Section 22-8-25 - State equalization guarantee distribution; determination of amount.

Section 22-8-25.1 - Additional per unit distribution from public school fund.

Section 22-8-26 - Transportation distribution.

Section 22-8-27 - Transportation equipment.

Section 22-8-28 - Repealed.

Section 22-8-29 - Transportation distributions; reports; payments.

Section 22-8-29.1 - Calculation of transportation allocation.

Section 22-8-29.2 - Repealed.

Section 22-8-29.3 - Repealed.

Section 22-8-29.4 - Transportation distribution adjustment factor.

Section 22-8-29.5 - Repealed.

Section 22-8-29.6 - Transportation emergency fund.

Section 22-8-30 - Supplemental distributions.

Section 22-8-30.1 - Recompiled.

Section 22-8-30.2 - Recompiled.

Section 22-8-31 - State-support reserve fund.

Section 22-8-32 - Current school fund; receipts; disposition.

Section 22-8-33 - Distribution of certain revenue.

Section 22-8-34 - Federal mineral leasing funds.

Section 22-8-35 - Tax anticipation certificates.

Section 22-8-36 - Certification of allocations; fund accounts.

Section 22-8-37 - Public school funds.

Section 22-8-38 - Boards of finance; designation.

Section 22-8-39 - Boards of finance; suspension.

Section 22-8-40 - Deposit of public school funds; distribution; interest.

Section 22-8-40.1 - Deposit of public school funds; providing exception on interest rate limitation for "NOW" accounts.

Section 22-8-41 - Restriction on operational funds; emergency accounts; cash balances.

Section 22-8-42 - Violation of act; penalties.

Section 22-8-43 - Public school reading proficiency fund; created.

Section 22-8-44 - Educator licensure fund; distribution; appropriation.

Section 22-8-45 - Teacher professional development fund.

Section 22-8-45.1 - Beginning teacher mentorship fund; created.

Section 22-8-46 - Repealed.

Section 22-8-47 - New Mexico government education fund.

Section 22-8-48 - New school development fund; distribution.

Section 22-8-49 - Teacher cost index; licensure-experience factor; report.