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2021 Indiana Code
Title 20. Education
Article 42.5. Allocation of Expenditures to Student Instruction
Chapter 3. State Board Action
20-42.5-3-7. Chart of Accounts Requirements
Universal Citation: IN Code § 20-42.5-3-7 (2021)
Sec. 7. (a) The chart of accounts used by school corporations must:
(1) coincide with the categories of expenditures described in section 5(a)(4)(A) of this chapter; and
(2) provide the ability to determine expenditures made at and for each individual school building of a school corporation.
Each school corporation shall on January 1, 2019, begin using the chart of accounts developed under this section.
(b) The state board of accounts may, in consultation with the department and the office of management and budget, modify the chart of accounts as necessary to make the chart of accounts coincide with the categories of expenditures described in section 5(a)(4)(A) of this chapter.
As added by P.L.244-2017, SEC.91. Amended by P.L.130-2018, SEC.91.
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