Senate Bill sb0676

CODING: Words stricken are deletions; words underlined are additions.
    Florida Senate - 2007                                   SB 676

    By Senator Wise





    5-511-07

  1                      A bill to be entitled

  2         An act relating to inmate labor and

  3         correctional work programs; amending s.

  4         946.516, F.S.; requiring Prison Rehabilitative

  5         Industries and Diversified Enterprises, Inc.,

  6         or PRIDE Enterprises, to prepare an annual

  7         report detailing the effectiveness of its

  8         internal-control mechanisms; requiring that the

  9         report be subject to an attestation by an

10         independent certified public accountant

11         retained by and paid from the funds of PRIDE;

12         requiring that the attestation report be

13         prepared in addition to, and not supplant, the

14         annual financial audit required by law;

15         providing an effective date.

16  

17  Be It Enacted by the Legislature of the State of Florida:

18  

19         Section 1.  Section 946.516, Florida Statutes, is

20  amended to read:

21         946.516  Corporation status report; monitoring internal

22  controls; and annual financial audit report.--

23         (1)  The corporation shall submit to the Governor and

24  the Legislature, on or before July 1 of each year, a report on

25  the status of the correctional work programs, including, but

26  not limited to, the proposed use of the profits from such

27  programs, a breakdown of the amount of noninmate labor used,

28  work subcontracted to other vendors, use of consultants,

29  finished goods purchased for resale, and the number of inmates

30  working in the correctional work programs at the time of the

31  such report. In addition, the corporation shall submit to the

                                  1

CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 2007                                   SB 676
    5-511-07




 1  department, the Governor, the Legislature, and the Auditor

 2  General an annual financial audit report and such other

 3  information as may be requested by the Legislature, together

 4  with recommendations relating to provisions for reasonable tax

 5  incentives to private enterprises which employ inmates,

 6  parolees, or former inmates who have participated in

 7  correctional work programs.

 8         (2)  The department shall include, as a portion of its

 9  annual report, a report on postrelease job placement and the

10  rate of subsequent contact with the correctional system for

11  those inmates who have participated in the correctional work

12  programs operated by the corporation and by the department.

13         (3)  In order to enhance the monitoring of its

14  risk-assessment procedures and the performance of its internal

15  controls, the corporation shall prepare an annual report

16  detailing the effectiveness of its internal-control

17  mechanisms. The report must be subject to an attestation by an

18  independent certified public accountant retained by the

19  corporation and paid from the funds of the corporation. The

20  preparation of the attestation of the corporation's management

21  controls shall be in addition to, and may not supplant, the

22  annual financial audit required in subsection (4).

23         (4)(3)  The corporation shall have an annual financial

24  audit of its accounts and records by an independent certified

25  public accountant retained by it and paid from its funds. The

26  Auditor General or the director of the Office of Program

27  Policy Analysis and Government Accountability may, pursuant to

28  his or her own authority or at the direction of the Joint

29  Legislative Auditing Committee, conduct an audit of the

30  corporation.

31  

                                  2

CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 2007                                   SB 676
    5-511-07




 1         (5)(4)  The corporation shall be governed by the

 2  generally accepted accounting principles as established by the

 3  Financial Accounting Standards Board (FASB) in order to carry

 4  out the intent of s. 946.502(2) and (5).

 5         Section 2.  This act shall take effect July 1, 2007.

 6  

 7            *****************************************

 8                          SENATE SUMMARY

 9    Requires Prison Rehabilitative Industries and Diversified
      Enterprises, Inc., or PRIDE Enterprises, to prepare an
10    annual report detailing the effectiveness of its
      internal-control mechanisms. Requires that the report be
11    subject to an attestation by an independent certified
      public accountant retained by and paid from the funds of
12    PRIDE. Requires that the attestation report be prepared
      in addition to, and not supplant, the annual financial
13    audit required by law.

14  

15  

16  

17  

18  

19  

20  

21  

22  

23  

24  

25  

26  

27  

28  

29  

30  

31  

                                  3

CODING: Words stricken are deletions; words underlined are additions.