New Hampshire Revised Statutes 198:4-d – Reports Required; Cities and School Districts
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The governing body of each city, school district, and chartered public school shall submit to the commissioner of the department of education the following reports pursuant to rules adopted under N.H. Rev. Stat. Chapter 541-A by the commissioner of revenue administration which establish the form and content of such reports:
I. A report filed by the governing body of each city, school district, and chartered public school shall certify the appropriations voted by the meeting of the appropriate legislative body, whether city council, mayor and council, or mayor and board of aldermen, or by each annual or special school district meeting, along with estimated revenues. This report shall be filed within 20 days of the close of the meeting.
II. A report filed by the governing body of each city, school district, and chartered public school shall revise all the estimated revenues for the year. This report shall be filed by September 1 of each year. The revised estimates by school districts for the adequate education grants calculated under N.H. Rev. Stat. § 198:41 shall be considered the most accurate within 5 percent of the amount estimated pursuant to N.H. Rev. Stat. § 198:40-a.
III. A financial report for each city, school district, and chartered public school shall be filed showing the summary of receipts and expenditures, according to uniform classifications, during the preceding fiscal year, and a balance sheet showing assets and liabilities at the close of the year. This report shall be submitted on or before September 1 of each year. Each statistical report submitted under this section shall include a certification signed by the chairperson of the school district’s governing body or the chairperson of the board of trustees of approved public academies that states: “I certify, under the pains and penalties of perjury, to the best of my knowledge and belief, that all of the information contained in this document is true, accurate and complete.”
III-a. The department of education and the department of revenue administration together shall develop and recommend school accounting standards. The departments shall report to the speaker of the house, the senate president, and the governor concerning such accounting standards on or before December 1, 1999.
IV. The budget committee in school districts operating under the municipal budget law shall file the budget within 20 days of the close of the annual or special meeting.
V. If a city or school district or chartered public school is audited by an independent public accountant, it shall submit a copy of the audited financial statements in accordance with N.H. Rev. Stat. § 21-J:19, III.
VI. If a city or school district is audited under N.H. Rev. Stat. § 671:5, the procedures in N.H. Rev. Stat. § 41:31-a through 41:31-d shall be followed.
I. A report filed by the governing body of each city, school district, and chartered public school shall certify the appropriations voted by the meeting of the appropriate legislative body, whether city council, mayor and council, or mayor and board of aldermen, or by each annual or special school district meeting, along with estimated revenues. This report shall be filed within 20 days of the close of the meeting.
Terms Used In New Hampshire Revised Statutes 198:4-d
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- following: when used by way of reference to any section of these laws, shall mean the section next preceding or following that in which such reference is made, unless some other is expressly designated. See New Hampshire Revised Statutes 21:13
- governing body: shall mean the board of selectmen in a town, the board of aldermen or council in a city or town with a town council, the school board in a school district or the village district commissioners in a village district, or when used to refer to unincorporated towns or unorganized places, or both, the county commissioners. See New Hampshire Revised Statutes 21:48
- legislative body: shall mean a town meeting, school district meeting, village district meeting, city or town council, mayor and council, mayor and board of aldermen, or, when used to refer to unincorporated towns or unorganized places, or both, the county convention. See New Hampshire Revised Statutes 21:47
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
II. A report filed by the governing body of each city, school district, and chartered public school shall revise all the estimated revenues for the year. This report shall be filed by September 1 of each year. The revised estimates by school districts for the adequate education grants calculated under N.H. Rev. Stat. § 198:41 shall be considered the most accurate within 5 percent of the amount estimated pursuant to N.H. Rev. Stat. § 198:40-a.
III. A financial report for each city, school district, and chartered public school shall be filed showing the summary of receipts and expenditures, according to uniform classifications, during the preceding fiscal year, and a balance sheet showing assets and liabilities at the close of the year. This report shall be submitted on or before September 1 of each year. Each statistical report submitted under this section shall include a certification signed by the chairperson of the school district’s governing body or the chairperson of the board of trustees of approved public academies that states: “I certify, under the pains and penalties of perjury, to the best of my knowledge and belief, that all of the information contained in this document is true, accurate and complete.”
III-a. The department of education and the department of revenue administration together shall develop and recommend school accounting standards. The departments shall report to the speaker of the house, the senate president, and the governor concerning such accounting standards on or before December 1, 1999.
IV. The budget committee in school districts operating under the municipal budget law shall file the budget within 20 days of the close of the annual or special meeting.
V. If a city or school district or chartered public school is audited by an independent public accountant, it shall submit a copy of the audited financial statements in accordance with N.H. Rev. Stat. § 21-J:19, III.
VI. If a city or school district is audited under N.H. Rev. Stat. § 671:5, the procedures in N.H. Rev. Stat. § 41:31-a through 41:31-d shall be followed.