Rhode Island 2024 Regular Session

Rhode Island Senate Bill S3098

Introduced
5/29/24  
Refer
5/29/24  

Caption

Authorizes the Town of Tiverton to require the school committee and quasi-municipal entities to provide regular financial reports to the chief financial officer or other designated town official.

Impact

If enacted, the bill would amend Title 16 of the General Laws concerning education, specifically by introducing a new chapter that outlines the requirements for financial reporting. The reports must contain detailed information about actual expenses and expenditures, including the categorization of these funds, along with current fund balances and any received revenues. This initiative can potentially lead to increased oversight and better fiscal management, ensuring that public funds allocated to education are utilized appropriately.

Summary

Bill S3098, known as the 'Tiverton School Committee Financial Reports Act', aims to enhance financial transparency for the Town of Tiverton's school committee and quasi-municipal entities. This legislation authorizes the town to mandate these committees to provide regular financial reports to the chief financial officer or other designated officials. The intention behind this act is to improve the accountability of financial practices within educational and quasi-municipal sectors by requiring monthly disclosures of financial activities.

Contention

While the bill is primarily aimed at promoting transparency, there may be concerns regarding the administrative burden it places on the school committee and quasi-municipal entities. Critics could argue that the mandated reporting requirements may divert attention from educational priorities to financial paperwork. Furthermore, questions may arise regarding the capability of these entities to meet the rigorous reporting standards established by this bill, which could lead to additional scrutiny and accountability measures that some may view as unnecessary.

Companion Bills

No companion bills found.

Previously Filed As

RI S0029

Validating And Ratifying Amendments To The Home Rule Charter Of The Town Of Tiverton

RI H5016

Validating And Ratifying Amendments To The Home Rule Charter Of The Town Of Tiverton

RI H6255

Amending To Incorporate The Stone Bridge Fire District And To Furnish A Supply Of Water For The Town Of Tiverton

RI S0981

Authorizing The Town Of East Greenwich To Finance The Acquisition, Construction, Improvement, Renovation, Alteration, Furnishing And Equipping Of Public Schools And School Facilities In The Town And All Expenses Incident Thereto Including, But Not Limited To, Costs Of Design, Demolition, Athletic Fields, Landscaping, Parking And Costs Of Financing And To Issue Not More Than $180,000,000 Bonds And/or Notes Therefor

RI H6376

Authorizing The Town Of East Greenwich To Finance The Acquisition, Construction, Improvement, Renovation, Alteration, Furnishing And Equipping Of Public Schools And School Facilities In The Town And All Expenses Incident Thereto Including, But Not Limited To, Costs Of Design, Demolition, Athletic Fields, Landscaping, Parking And Costs Of Financing And To Issue Not More Than $180,000,000 Bonds And/or Notes Therefor

RI S0980

Authorizing The Town Of Barrington To Finance The Construction, Improvement, Renovation, Alteration, Furnishing And Equipping Of Public Schools And School Facilities In The Town And All Expenses Incident Thereto Including, But Not Limited To, Costs Of Design, Athletic Fields, Playgrounds, Landscaping, Parking And Costs Of Financing And To Issue Not More Than $250,000,000 Bonds And/or Notes Therefor, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 35 Percent At The Time Of Issuance And Provided That The Authorization Shall Be Reduced By The Amount Of Certain Grants Received From State Bond Proceeds, From The Rhode Island Department Of Education Or From The Rhode Island School Building Authority

RI H6404

Authorizing The Town Of Barrington To Finance The Construction, Improvement, Renovation, Alteration, Furnishing And Equipping Of Public Schools And School Facilities In The Town And All Expenses Incident Thereto Including, But Not Limited To, Costs Of Design, Athletic Fields, Playgrounds, Landscaping, Parking And Costs Of Financing And To Issue Not More Than $250,000,000 Bonds And/or Notes Therefor, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 35 Percent At The Time Of Issuance And Provided That The Authorization Shall Be Reduced By The Amount Of Certain Grants Received From State Bond Proceeds, From The Rhode Island Department Of Education Or From The Rhode Island School Building Authority

RI S0018

Authorizing The Town Of North Providence To Issue Not To Exceed $125,000,000 General Obligation Bonds, Notes And Other Evidences Of Indebtedness To Finance The Construction, Renovation, Rehabilitation, Repair, Improvements, Furnishing And Equipping Of And/or Additions To Schools And School Facilities In The Town, Including, But Not Limited To, The Construction Of Three Elementary Schools, The Renovation Of Two Middle Schools And The Construction Of New Administrative Offices, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 79.8% For Expenditures Eligible For Reimbursement

RI H5101

Authorizing The Town Of North Providence To Issue Not To Exceed $125,000,000 General Obligation Bonds, Notes And Other Evidences Of Indebtedness To Finance The Construction, Renovation, Rehabilitation, Repair, Improvements, Furnishing And Equipping Of And/or Additions To Schools And School Facilities In The Town, Including, But Not Limited To, The Construction Of Three Elementary Schools, The Renovation Of Two Middle Schools And The Construction Of New Administrative Offices, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 79.8% For Expenditures Eligible For Reimbursement

RI H5082

School Committees And Superintendents

Similar Bills

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House Resolution Extending Congratulations

RI H5652

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RI H8265

Authorizes the Town of Tiverton to require the school committee and quasi-municipal entities to provide regular financial reports to the chief financial officer or other designated town official.

RI S1112

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RI S0029

Validating And Ratifying Amendments To The Home Rule Charter Of The Town Of Tiverton

RI H5016

Validating And Ratifying Amendments To The Home Rule Charter Of The Town Of Tiverton

RI S0201

Validates and ratifies the amendments to the Tiverton Home Rule Charter which were approved by the electors of the town of Tiverton on November 5, 2024.

RI H6111

Validates and ratifies the amendments to the Tiverton Home Rule Charter which were approved by the electors of the town of Tiverton on November 5, 2024.