Establishes additional financial oversight and reporting procedures for New Jersey school districts to ensure fiscal stability.

This bill establishes procedures for financial oversight and reporting to ensure fiscal stability of school districts in New Jersey. It requires chief school administrators to reconcile bank account statements and position control rosters monthly. School business administrators must certify monthly that reconciliations are complete and discrepancies are addressed. The Commissioner of Education will establish training programs for school business administrators, board members, and employees on financial management and reporting.

Establishes additional financial oversight and reporting procedures for New Jersey school districts to ensure fiscal stability.

This bill establishes procedures for financial oversight and reporting to ensure fiscal stability of school districts in New Jersey. It requires chief school administrators to reconcile bank account statements and position control rosters monthly. School business administrators must certify monthly that reconciliations are complete and discrepancies are addressed. The Commissioner of Education will establish training programs for school business administrators, board members, and employees on financial management and reporting.