NY S05795

Requires school districts to include a detailed schedule of reserve funds in their annual property tax report cards, showing each fund's name, purpose, balance as of the third quarter, and planned use for the ensuing fiscal year.

Mandates that no monies may be transferred into any reserve fund unless expressly authorized by a resolution of the school district's board of education or trustees.

Requires school districts to post on their websites the annual external audit report, corrective action plans, and any final audit reports issued by the state comptroller.

Requires school districts to post on their websites the final annual budget and any multi-year financial plan adopted by the board of education or trustees.

Takes effect July 1 following enactment, with specific provisions addressing the expiration and reversion of certain amended sections.