Maine § 20-A §6051 School administrative units

Maine Statutes

§ 20-A §6051 — School administrative units

Maine·Title 20-A EDUCATION·Part 3 ELEMENTARY AND SECONDARY EDUCATION·Ch. 221 SCHOOL RECORDS, AUDITS AND REPORTS

1.Audit. A school board shall provide for an annual audit of the school administrative unit. The audit shall include the following:

2.Fiscal year. The fiscal year of an audit shall be from July 1st to June 30th, except that audits of federal programs shall conform to federal requirements.

3.Auditors. Audits must be conducted by qualified certified public accountants or public accountants registered by the Board of Accountancy. The auditor shall review the audit with the school board.

4.Initial report to commissioner. An initial report to the commissioner must be included as part of the audit under subsection 1. In the report the school board shall provide the commissioner with:

5.Records. Financial records and accounts shall be kept for 7 years after the end of the fiscal year and sha

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1.
Audit.
A school board shall provide for an annual audit of the school administrative unit. The audit shall include the following:
2.
Fiscal year.
The fiscal year of an audit shall be from July 1st to June 30th, except that audits of federal programs shall conform to federal requirements.
3.
Auditors.
Audits must be conducted by qualified certified public accountants or public accountants registered by the Board of Accountancy. The auditor shall review the audit with the school board.
4.
Initial report to commissioner.
An initial report to the commissioner must be included as part of the audit under subsection 1. In the report the school board shall provide the commissioner with:
5.
Records.
Financial records and accounts shall be kept for 7 years after the end of the fiscal year and shall be available to the auditors and any other upon request.
6.
Report to commissioner.
Within 6 months after the end of the audit period, the school board shall provide the commissioner with:
7.
Exception.
If a municipal school administrative unit meets all of the following eligibility criteria, then the municipal school administrative unit may file the annual municipal audit or audits in lieu of the annual audit required by this section:
8.
Corrective action plan.
The commissioner shall review the audits of the school administrative unit and determine if the school administrative unit should develop a corrective action plan for any audit issues specified in the annual audit. The corrective action plan must address those audit findings and management comments and recommendations that have been identified by the commissioner, and the plan must be filed within the timelines established by the commissioner. The school administrative unit shall provide assurances to the commissioner that the school administrative unit has implemented its corrective action plan within the timelines established by the commissioner. If the school administrative unit has not met the conditions for submitting a corrective action plan or providing assurances that the school administrative unit has implemented the plan, the commissioner may withhold monthly subsidy payments from the school administrative unit in accordance with section 6801‑A.

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Legislative History

PL 1981, c. 693, §§5,8 (NEW). PL 1985, c. 797, §36 (RPR). RR 1993, c. 1, §45 (COR). PL 2001, c. 344, §§7-9 (AMD). PL 2005, c. 683, §§A24,25 (AMD). PL 2007, c. 668, §§31-33 (AMD). PL 2009, c. 571, Pt. E, §§9-15 (AMD). PL 2011, c. 678, Pt. A, §§1-7 (AMD). PL 2013, c. 167, Pt. A, §§3-5 (AMD). PL 2017, c. 284, Pt. C, §§9-11 (AMD). PL 2017, c. 284, Pt. JJJJJJJ, §§1-3 (AMD). PL 2017, c. 475, Pt. A, §§24-26 (AMD). PL 2025, c. 112, §7 (AMD).