Browse Arkansas Code titles and sections
6-13-1020. Policies and procedures — Expenditures, reports, and audits.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-13-1020. Policies and procedures — Expenditures, reports, and audits.
(a) On or before August 31 of each year, each education service cooperative shall file with the State Board of Education for the state board's approval:
(1) The policies and procedures of the education service cooperative, including without limitation the board of directors' policies and procedures for overseeing the administrative and program expenditures of the education service cooperative;
(2) A record of the education service cooperative's employment policies and practices for the year that includes without limitation:
(A) The race and sex of each person the education service cooperative employed or terminated during the year;
(B) The race and sex of every person who sought employment with the education service cooperative during the year; and
(C) The name of each person employed by the education service cooperative during the year who is related by blood or marriage to another employee or board member of the education service cooperative; and
(3)(A) A report of its receipts and expenditures made in accordance with uniform accounting procedures adopted by the Commissioner of Elementary and Secondary Education.
(B) The report shall contain without limitation:
(i) An itemization of administrative and program expenditures; and
(ii) The result of the board of directors' review of the expenditures made under its oversight function.
(b) The Division of Elementary and Secondary Education may prescribe the forms and procedures for filing the information required by subsection (a) of this section.
(c) Each education service cooperative is subject to an annual audit by the Legislative Joint Auditing Committee.
(d)(1)(A) In an annual meeting of the board of directors which must c
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-13-1020
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:6-13-1020
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 866f57a5da48e6aecf72e7b0044e3ad068e53ff2272b5a35004d15ddcbeaa694
Source location: content.xml paragraph 4648
Stored source content
6-13-1020. Policies and procedures — Expenditures, reports, and audits.
(a) On or before August 31 of each year, each education service cooperative shall file with the State Board of Education for the state board's approval:
(1) The policies and procedures of the education service cooperative, including without limitation the board of directors' policies and procedures for overseeing the administrative and program expenditures of the education service cooperative;
(2) A record of the education service cooperative's employment policies and practices for the year that includes without limitation:
(A) The race and sex of each person the education service cooperative employed or terminated during the year;
(B) The race and sex of every person who sought employment with the education service cooperative during the year; and
(C) The name of each person employed by the education service cooperative during the year who is related by blood or marriage to another employee or board member of the education service cooperative; and
(3)(A) A report of its receipts and expenditures made in accordance with uniform accounting procedures adopted by the Commissioner of Elementary and Secondary Education.
(B) The report shall contain without limitation:
(i) An itemization of administrative and program expenditures; and
(ii) The result of the board of directors' review of the expenditures made under its oversight function.
(b) The Division of Elementary and Secondary Education may prescribe the forms and procedures for filing the information required by subsection (a) of this section.
(c) Each education service cooperative is subject to an annual audit by the Legislative Joint Auditing Committee.
(d)(1)(A) In an annual meeting of the board of directors which must convene between May 15 and July 15, each education service cooperative shall report to its constituent school districts on the year's operations.
(B) The report also shall include information on fiscal distress under § 6-13-1027.
(2) The education service cooperative shall supplement its report with written reports to each school district and to the division on a school-by-school, service-by-service accounting basis.
(e) Following the end of each fiscal year, any balances in particular service accounts must be apportioned and returned to the schools involved or credited to their accounts for the following year.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-13-1027. Fiscal distress — Definitions.
(a) As used in this section:
(1) “Fiscal integrity” means the education service cooperative's ability to comply completely, accurately, and timely with financial management, accounting, auditing, and reporting procedures required by state law and rule or federal law and regulations; and
(2) “Material” means that the act, omission, or violation jeopardizes the fiscal integrity of the education service cooperative.
(b) Any education service cooperative that meets one (1) or more of the following criteria may be identified by the Division of Elementary and Secondary Education as being in fiscal distress upon final approval of the State Board of Education:
(1)(A) A declining balance that jeopardizes the fiscal integrity of the education service cooperative.
(B) The division shall not use capital outlay expenditures from the education service cooperative's balance for facilities to identify the education service cooperative as being in fiscal distress;
(2) A material failure to meet the education service cooperative's obligation to maintain the education service cooperative's facilities;
(3) A material violation of local, state, or federal law, state rule, or federal regulations relating to:
(A) Fire, health, or safety codes;
(B) Construction codes;
(C) Audit requirements; or
(D) Procurement, bidding, and purchasing requirements;
(4) A material failure to provide timely and accurate legally required financial reports to the division, Arkansas Legislative Audit, the General Assembly, or the Internal Revenue Service;
(5) A material failure to maintain sufficient funds to cover payroll, salary, employment benefits, or legal tax obligations;
(6) A material default on any debt obligation;
(7) A material dis
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-13-1027
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 6-13-1027. This identifies an authority to review, not proof of applicability.