Effective: September 28, 2016
Latest Legislation: House Bill 390 - 131st General Assembly
The auditor of state, on the auditor of state's initiative, may conduct a performance audit of a school district that is under a fiscal caution under section 3316.031 of the Revised Code, in a state of fiscal watch, or in a state of fiscal emergency, in which the auditor of state reviews any programs or areas of operation in which the auditor of state believes that greater operational efficiencies or enhanced program results can be achieved.
The auditor of state, in consultation with the department of education and the office of budget and management, shall determine for which school districts to conduct performance audits under this section. Priority shall be given to districts in fiscal distress, including districts employing fiscal practices or experiencing budgetary conditions that could produce a state of fiscal watch or fiscal emergency, as determined by the auditor of state, in consultation with the department and the office of budget and management.
The cost of a performance audit conducted under this section shall be paid by the auditor of state.
A performance audit under this section shall not include review or evaluation of school district academic performance.
Structure Ohio Revised Code
Title 33 | Education-Libraries
Chapter 3316 | Fiscal Watches, Emergencies
Section 3316.01 | Fiscal Watch - Fiscal Emergency Definitions.
Section 3316.03 | Auditor of State to Declare Fiscal Watch or Fiscal Emergency.
Section 3316.031 | Identifying Unsafe Fiscal Practices and Budgetary Conditions.
Section 3316.04 | Submitting Financial Plan After Declaration of Watch.
Section 3316.041 | Restructuring or Refinancing Loans.
Section 3316.042 | Performance Audits of School District.
Section 3316.043 | Revision of Five-Year Projection to Conform to Financial Plan.
Section 3316.05 | Financial Planning and Supervision Commission.
Section 3316.06 | Commission to Adopt Financial Recovery Plan.
Section 3316.07 | Commission - Powers, Duties and Functions.
Section 3316.08 | Annual Determination of Operating Deficit - Tax Levy Proposal.
Section 3316.09 | Expenses of Commission and Members of Commission to Be Paid.
Section 3316.10 | School District Board to Develop Financial Accounting and Reporting System.
Section 3316.11 | Board, Officers and Employees to Provide Commission With Fiscal Information.
Section 3316.12 | Effect of Financial Recovery Plan.
Section 3316.14 | Prior Approval of Commission Required for Debt Obligation.
Section 3316.16 | Criteria for Termination of Commission.
Section 3316.17 | Commission May Remove Superintendent or Treasurer of School District.
Section 3316.18 | Severability.