Rhode Island § 16-77.4-8 § 16-77.4-8. Mayoral academy reporting.

Rhode Island Statutes

§ 16-77.4-8 — § 16-77.4-8. Mayoral academy reporting.

Rhode Island § 16-77.4-8

Title 16Education

Ch. 16-77.4Mayoral Academies [See Title 16 Chapter 97 â€” The Rhode Island Board of Education Act]

This text of Rhode Island § 16-77.4-8 (§ 16-77.4-8. Mayoral academy reporting.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 16-77.4-8 (2026).

Text

§ 16-77.4-8. Mayoral academy reporting.
(a) All mayoral academies shall continuously monitor their financial operations by tracking
            actual versus budgeted revenue and expense. The chief financial officer of a mayoral
            academy shall submit a report on a quarterly basis to the commissioner certifying
            the status of that mayoral academy's budget. The quarterly reports shall be in a format
            prescribed by the commissioner and the state auditor general. The reports shall contain
            a statement as to whether any actual or projected shortfalls in budget line items
            are expected to result in a year-end deficit, the projected impact on year-end financial
    

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§ 16-77.4-8. Mayoral academy reporting.

(a) All mayoral academies shall continuously monitor their financial operations by tracking actual versus budgeted revenue and expense. The chief financial officer of a mayoral academy shall submit a report on a quarterly basis to the commissioner certifying the status of that mayoral academy's budget. The quarterly reports shall be in a format prescribed by the commissioner and the state auditor general. The reports shall contain a statement as to whether any actual or projected shortfalls in budget line items are expected to result in a year-end deficit, the projected impact on year-end financial results including all accruals and encumbrances, and how the mayoral academy plans to address any such shortfalls.

(b) The auditor general or the state director of administration may petition the superior court to order a mayoral academy to file said reports. The director of administration may also direct the state controller and general treasurer to withhold any funding to a mayoral academy until the school complies with the reporting requirements hereunder. Failure to comply with this section shall be cause for the revocation of the school charter.