Q&A: School financial report

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From Wabash Plain Dealer:

Q: The Hoosier State Press Association sent out a notice reminding newspapers of the window for publication of a school financial report. Are you talking about the annual report card or the budget estimate?

A: The answer is neither.

The school district must publish a financial report between Aug. 1 and Aug. 15 that summarizes what they spent during the most recent fiscal year.

In addition, districts have to run a budget estimate/notice of hearing twice before Sept. 9. This estimate is part of the budget process for the next fiscal year.

School districts also publish annual school performance reports every year, but they detail academic performance rather than financial information.

The past couple of years the window for publishing the school performance report has been dependent upon when the state Department of Education has the data ready for use.

Contact Steve Key, HSPA executive director and general counsel, with media law questions at skey@hspa.com or (317) 624-4427.

 

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