Maine Revised Statutes Title 20-A Sec. 2953 – Audit
Current as of: 2023 | Check for updates
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1. Annual audit.
[PL 2011, c. 171, §6 (RP).]
Terms Used In Maine Revised Statutes Title 20-A Sec. 2953
- Commissioner: means the Commissioner of Education or the commissioner's designee. See Maine Revised Statutes Title 20-A Sec. 1
- Department: means the Department of Education. See Maine Revised Statutes Title 20-A Sec. 1
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Private school: means an academy, seminary, institute or other private corporation or body formed for educational purposes covering kindergarten through grade 12 or any portion thereof. See Maine Revised Statutes Title 20-A Sec. 1
- Private school approved for tuition purposes: means a private school approved for the receipt of public funds under sections 2951 to 2955. See Maine Revised Statutes Title 20-A Sec. 1
2. Special audit. Audits by the State Auditor may be requested by 3 or more duly elected and qualified officers of the private school. This audit must be conducted at the expense of the requesting school except when the audit is determined necessary by the commissioner.
[PL 2005, c. 153, §4 (AMD).]
3. Annual audit required. A private school approved for tuition purposes that enrolls 60% or more publicly funded students shall, within 6 months after the end of the school’s audit period, submit to the State Auditor and the commissioner satisfactory proof that the books, accounts, financial documents and reports of the school for the preceding fiscal year have been examined and found to be in a satisfactory and accurate condition with proper vouchers on file. The audit required under this subsection must be conducted by the Office of the State Auditor, a public accountant licensed to practice in the State or an individual or firm the department has determined is a competent auditor by training and experience. The department shall adopt routine technical rules as defined in Title 5, chapter 375, subchapter 2?A to implement this subsection.
[PL 2023, c. 112, §1 (NEW).]
SECTION HISTORY
PL 1981, c. 693, §§5,8 (NEW). PL 2005, c. 153, §4 (AMD). PL 2011, c. 171, §§5, 6 (AMD). PL 2023, c. 112, §1 (AMD).