NC S639

Modifies the uniform budget format to require local school administrative units to report expenditures from local funds by program report code and object code, with distinctions between county appropriations and other local funds.

Requires superintendents to describe projected expenditures from local funds by program report code and object code in annual budgets submitted to boards of education.

Permits county commissioners to allocate part or all of their appropriations by program report code and requires board of education approval for budget amendments that increase or decrease county appropriations to a program report code by 25% or more (or a lesser percentage down to 10% if specified by commissioners).

Requires annual independent audits of local school administrative units to include a comparison of budgeted versus actual expenditures by program report code and object code, with audit reports filed within 30 days of completion.

Mandates local school administrative units report audit results to the State Board of Education within 60 days of completion, with the Department of Public Instruction posting this information on its website by local school administrative unit to enhance transparency.