NJ A5847

School district boards must make all financial books, accounts, and records available to the public school accountant by July 1 each year for completion of the annual audit required under N.J.S.18A:23-1

Districts failing to comply with audit requirements face reductions in fiscal management, operations, and/or governance scores in the New Jersey Quality Single Accountability Continuum evaluation system

Commissioner of Education may grant deadline flexibility when districts or accountants demonstrate hardship due to documented extenuating circumstances, including delayed information from state, federal, or other entities

Commissioner must evaluate technical modifications to streamline the annual school audit process, including reporting fields and digital tools, and implement feasible changes within two years of the act's effective date

Commissioner may adopt emergency rules and regulations effective immediately upon filing with the Office of Administrative Law for up to 18 months to implement the act's provisions