Financial Management Reform Plan

(a) The Superintendent of the public schools shall develop a Financial Management Reform Plan (“Reform Plan”) which shall include the following: (1) Measurable goals; (2) Timeline for deliverables; (3) Roles and responsibilities of all District agencies that provide financial management related services; (4) Proposed statutory and regulatory amendments to approve the budget process; (5) Targeted savings activities, and reallocations within the DCPS budget, for the next 2 fiscal years; and (6) Review and input from members of the Financial Management Task Force. (b) The Superintendent shall submit the Reform Plan to the Board of Education for its approval.