| 1 | Representative Nelson offered the following: |
| 2 |
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| 3 | Amendment (with title amendment) |
| 4 | Remove lines 719-740 and insert: |
| 5 | statement to the sponsor during the initial charter term. Upon |
| 6 | renewal of the charter or if authorized by the sponsor during |
| 7 | the initial charter term, a charter school shall provide the |
| 8 | financial statement to the sponsor on a quarterly basis. Monthly |
| 9 | and quarterly financial statements shall be in a form prescribed |
| 10 | by the Department of Education. |
| 11 | (h)(i) The governing board of the charter school shall |
| 12 | annually adopt and maintain an operating budget. |
| 13 | (i)(j) The governing body of the charter school shall |
| 14 | exercise continuing oversight over charter school operations. |
| 15 | (j)(k) The governing body of the charter school shall be |
| 16 | responsible for: |
| 17 | 1. Ensuring that the charter school has retained the |
| 18 | services of a certified public accountant or auditor for the |
| 19 | annual financial audit, pursuant to s. 218.39 paragraph (g), who |
| 20 | shall submit the report to the governing body. |
| 21 | 2. Reviewing and approving the audit report, including |
| 22 | audit findings and recommendations for the financial recovery |
| 23 | plan. |
| 24 | 3.a. Performing the duties in s. 1002.345, including |
| 25 | monitoring a corrective action plan. |
| 26 | b. Monitoring a financial recovery plan in order to ensure |
| 27 | compliance. |
| 28 | 4. Participating in governance training approved by the |
| 29 | department which that must include government in the sunshine, |
| 30 | conflicts of interest, ethics, and financial responsibility. |
| 31 | Members of a governing board shall not be required to attend |
| 32 | governance training more than once. A new member must |
| 33 | participate in governance training within 6 months after |
| 34 | beginning his or her role as a governing board member. |
| 35 |
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| 36 |
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| 37 | ----------------------------------------------------- |
| 38 | T I T L E A M E N D M E N T |
| 39 | Between lines 24 and 25, insert: |
| 40 | requiring a charter school to provide financial statements; |
| 41 | providing governance training requirements; |
| 42 |
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