NRS 387.602 – “Management principles” defined.
As used in NRS 387.602 to 387.644, inclusive, “management principles” means the financial management principles set forth in NRS 387.622. (Added to NRS by 2005, 2439)
NRS 387.607 – Applicability to extent money is available.
The provisions of NRS 387.602 to 387.644, inclusive, apply only to the extent that money is made available by the Legislature to carry out the provisions of those sections. The Legislative Counsel Bureau may accept gifts, grants and other sources of money to provide financial assistance in expanding the number of school districts selected for […]
NRS 387.613 – Review of school districts; recommendations by Legislative Auditor; selection of school districts by Legislature; qualifications and selection of consultant to conduct reviews; monitoring and oversight of consultant; self-assessment by school district required.
1. Except as otherwise provided in NRS 387.607, each school district must undergo a review pursuant to NRS 387.602 to 387.644, inclusive, every 6 years unless the school district is granted an exemption from a review pursuant to NRS 387.631 or 387.639. The reviews must be conducted in even-numbered years to ensure compliance with the […]
NRS 387.618 – Establishment and duties of oversight committee to assist in process of review.
1. If a school district is selected for a review, an oversight committee must be established to assist the consultant in the process of the review for that school district. Each oversight committee must consist of: (a) One member of the general public, appointed by the Speaker of the Assembly; (b) One member of the […]
NRS 387.622 – Financial management principles and areas for review; additional review by consultant authorized.
1. Each school district selected for a review must be evaluated to determine whether the school district is successfully carrying out the following financial management principles: (a) Establishes and carries out policies, procedures and internal controls to process business transactions efficiently; (b) Uses cost-efficient measures to assess operations on a regular basis; (c) Carries out […]
NRS 387.626 – Duties of consultant; Department required to provide technical support; availability of books, accounts and records necessary for conducting review; confidentiality.
1. A consultant selected to perform a review of a school district shall: (a) Consider the results and recommendations of other audits, if any, conducted by or on behalf of the school district in the immediately preceding 6 years; (b) Hold at least one public meeting in the county in which the school district is […]
NRS 387.631 – Final written report of review; issuance of preliminary report to school district; response by school district; exemption from next review for certain school districts; availability of reports to public.
1. The consultant shall complete the review of a school district within 6 months after the date on which the review is commenced. The consultant shall prepare a final written report of the review that: (a) Is documented by sufficient, competent and relevant evidence to provide a reasonable basis for the findings and conclusions of […]
NRS 387.636 – School district required to hold public meeting concerning final report; vote whether to adopt corrective action plan; effect of failure to vote within prescribed time; appearance before Legislature under certain circumstances.
1. Upon receipt of a final written report pursuant to NRS 387.631, the board of trustees of the school district shall hold a public meeting to review the findings and recommendations of the consultant. The consultant or the consultant’s designee must be present at the meeting and available for discussion and questions. 2. Except as […]
NRS 387.639 – Reports by school district concerning progress on corrective action plan; review of reports by Legislative Auditor and Legislature; exemption from next review for certain school districts.
1. If the board of trustees of a school district adopts a plan for corrective action, the board of trustees of the school district shall prepare, on or before February 1: (a) A written progress report for submission, in the even-numbered year after the plan is adopted, to the State Board, the Joint Interim Standing […]
NRS 387.644 – Annual reporting by school districts exempt from review.
1. If a school district is granted an exemption pursuant to NRS 387.631 or 387.639, the board of trustees of the school district shall provide written notice for each year that the exemption applies which includes: (a) A determination of whether the school district continues to carry out the management principles; and (b) Any changes […]