Indiana Code 20-42.5-3-5. Progress analysis; recognition of improvement; consultation assistance for school corporations; school corporation’s annual performance report; contents; format
(1) the office of management and budget shall analyze and report to the state board, the governor, and the general assembly concerning the progress or lack of progress of each school corporation, of all school corporations in each educational service center’s area, and in Indiana as a whole in improving the ratio of student instructional expenditures to all other expenditures for the previous school year;
Terms Used In Indiana Code 20-42.5-3-5
- Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(3) the office of management and budget and the division of finance of the department shall be available to consult with and provide technical assistance to each school corporation that did not have an improved ratio of student instructional expenditures to all other expenditures during the previous school year; and
(4) each school corporation shall report the following information to the public in the school corporation’s annual performance report and to the members of the general assembly whose districts include the school corporation:
(A) The percentage of resources spent by the school corporation during the previous school year on each of the following categories of expenditures:
(i) Student academic achievement expenditures.
(ii) Student instructional support expenditures.
(iii) Overhead and operational expenditures.
(iv) Nonoperational expenditures.
(B) The trend line for each category described in clause (A).
(C) Whether the school corporation did or did not make progress in improving the ratio of student instructional expenditures to all other expenditures during the previous school year.
(b) The reports to the general assembly under subsection (a)(1) and to individual members of the general assembly under subsection (a)(4) must be submitted to the executive director of the legislative services agency in an electronic format under IC 5-14-6.
[Pre-2007 Higher Education Recodification Citation: 21-10-3-5.]
As added by P.L.2-2007, SEC.240. Amended by P.L.233-2015, SEC.300; P.L.130-2018, SEC.90.