This Fiscal Note is not an official copy and should not be quoted or cited. The Oversight Division assumes the districts would only publish the audited statements in the year of the audit, and therefore, no savings would result. Based on a response to a similar proposal, officials from the St. Louis Public Schools assume the proposal would result in no fiscal impact to them because they are audited annually. The proposal would require the school boards to publish a statement of receipts and expenditures for any year for which it does not cause an audit to be performed after the close of the school year.
Current law requires the statement to be published annually and the audit to be published.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.