Section 2505-A. Best financial management practices standards.
(a) General.--The best financial management practices standards must, at a minimum, instill public confidence by addressing school districts' use of resources, identifying ways that the district may save funds and improving the districts' performance and accountability systems, including public accountability.
(b) Initial development.--To assure these goals are met, best financial management practices standards shall initially be developed for the following areas:
(1) Management structures.
(2) Performance accountability.
(3) Educational service delivery.
(4) Administrative and instructional technology.
(5) Personnel systems and benefits.
(6) Facilities construction.
(7) Facilities maintenance.
(8) Transportation.
(9) Food service operations.
(10) Cost control systems.
(c) Indicators.--To help assess whether a district is meeting these standards, the department shall also develop specific indicators for each best practice. Indicators will represent the kinds of activities a district would undertake if the district were using a particular best practice.
(2505-A added Dec. 23, 2003, P.L.304, No.48)