California SB308 mandates audits and reports on community college fiscal conditions and management.

California SB308 requires the Board of Governors to develop standards for community college district fiscal stability and management reviews. It mandates annual audits of community college funds and accounts, with the cost borne by the districts. The Chancellor's office must report on audit exceptions and corrective actions to specified legislative committees and the Governor. The board of governors can recommend changes and develop procedures for districts failing to achieve fiscal stability or comply with recommendations, including appointing a special trustee.

California SB308 mandates audits and reports on community college fiscal conditions and management.

California SB308 requires the Board of Governors to develop standards for community college district fiscal stability and management reviews. It mandates annual audits of community college funds and accounts, with the cost borne by the districts. The Chancellor's office must report on audit exceptions and corrective actions to specified legislative committees and the Governor. The board of governors can recommend changes and develop procedures for districts failing to achieve fiscal stability or comply with recommendations, including appointing a special trustee.