Section R277-113-6 - LEA Governing Board Fiscal Responsibilities(1) An LEA governing board shall have the following responsibilities: (a) approve written fiscal policies and procedures required by Section R277-113-5;(b) ensure, considering guidance in "Standards for Internal Control in the Federal Government," issued by the Comptroller General of the United States or the "Internal Control Integrated Framework," issued by the Committee of Sponsoring Organizations of the Treadway Commission, that LEA administration establish, document, and maintain an effective internal control system for the LEA;(c) develop a process to regularly discuss and review LEA: (i) budget and financial reporting practices;(ii) financial statements and annual financial and program reports;(iii) financial position;(iv) expenditure of restricted funds to ensure administration is complying with applicable laws, regulations, and award terms and conditions; and(v) systems and software applications for compliance with financial and student privacy laws;(d) receive the results of required annual audits from the external auditor in accordance with Section R123-5-5;(e) oversee procurement processes in compliance with Title 63G, Chapter 6a, Utah Procurement Code, and Rule R277-115, including: (i) reviewing the scope and objectives of LEA contracts or subawards with entities that provide business or educational services; and(ii) receiving reports regarding the compliance and performance of entities with contracts or subawards;(f) ensure the procurement process for an external auditor is in compliance with Section R123-5-4;(g) ensure LEA administration implements sufficient internal controls over the functions of entities with contracts or subawards to perform services on behalf of the LEA;(2) An LEA governing board shall: (a)(i) provide a hotline independent from administration for stakeholders to report concerns of fraud, waste, abuse, or non-compliance; and(ii) post on the school's website in a readily accessible location: (A) a hotline phone number;(C) an online complaint form; or(b) post a link on the school's website in a readily accessible location with contact information for the Board's hotline.Utah Admin. Code R277-113-6
Amended by Utah State Bulletin Number 2017-5, effective 2/7/2017Amended by Utah State Bulletin Number 2017-21, effective 10/10/2017Amended by Utah State Bulletin Number 2018-14, effective 6/22/2018Amended by Utah State Bulletin Number 2020-17, effective 8/12/2020Amended by Utah State Bulletin Number 2020-23, effective 11/10/2020Amended by Utah State Bulletin Number 2021-22, effective 11/8/2021Amended by Utah State Bulletin Number 2023-24, effective 12/11/2023Amended by Utah State Bulletin Number 2024-16, effective 8/7/2024