FL S1198

Requires charter schools to comply with sections 1010.20 (cost accounting and reporting) and 1011.035 (fiscal transparency) in addition to existing statutory requirements.

Modifies school district cost reporting to the Department of Education to include district-aggregate basis reporting and specifies detailed breakdown of operating costs, classroom instruction costs, and program costs by category.

Requires the Department of Education to develop a web-based fiscal transparency tool that combines and compares academic achievement with the percentage of funds spent on classroom instruction for all public schools and districts.

Expands school district website posting requirements to include financial efficiency information linked to the state's fiscal transparency tool and fiscal trend data for the previous 3 years on student-to-staff ratios, per-student expenditures, and fund balance metrics.

Removes the requirement that superintendents reduce administrative expenditures when a district's general fund balance falls below 3 percent of revenues for 2 consecutive fiscal years; notification to the school board and Commissioner of Education remains required.