38.04(11)
(11) District reporting and audit requirements. 38.04(11)(a)1.
1. The board shall establish uniform reporting methods for fiscal, enrollment, program and other information which shall be provided by the district boards as the board deems necessary and shall require common use of the fiscal year for operations and data reporting. The board shall establish, by rule, uniform formats and reporting standards for district board contracts under s.
38.14 (3) and for budgets approved by district boards under s.
38.12 (5m). The board shall promulgate rules governing the financing of capital expenditures under s.
38.15 and the management of reserve funds.
38.04(11)(a)2.
2. In consultation with the state superintendent of public instruction, the board shall establish, by rule, a uniform format for district boards to use in reporting the number of pupils attending district schools under ss.
38.12 (14) and
118.15 (1) (b),
(cm), and
(d) and in reporting pupil participation in technical preparation programs under s.
118.34, including the number of courses taken for advanced standing in the district's associate degree program and for technical college credit.
38.04(11)(b)
(b)
Annual audit. The board shall promulgate rules governing the annual district audit under s.
38.12 (5). The rules shall provide for a standard audit contract and shall specify the minimum disclosures to be made by the firm conducting the audit and the persons authorized to have access to and obtain the working papers of the firm conducting the audit. The board may conduct or contract for an audit of any district.
38.04(11)(bm)
(bm)
Uniform financial fund accounting system. The board shall prescribe a detailed uniform financial fund accounting system, applicable to all district boards, which provides for the recording of all financial transactions inherent in the management of the districts and the administration of the district aid programs. The system shall be in operation by July 1, 1987.
38.04(11)(c)
(c)
Withholding of state aid. The board shall withhold or suspend payment of all or a portion of state aid to any district board which fails to comply with accounting, budget, audit, contracting and reporting standards established by the board under this subsection.
38.04 Cross-reference
Cross-reference: See also chs.
TCS 7,
8, and
9, Wis. adm. code.
