California Education Code

§ 41020.2

EDC § 41020.2 Effective Jun 27, 2025Div. 3 · Title 2 · Part 24 · Ch. 1 · Art. 2

Statute text

(a)If a school district governing board has entered into a contract for an independent audit of its financial statements in accordance with Section 41020 and the audited financial statements have not been filed with the county superintendent of schools on or before the due date established under Section 41020, the county superintendent of schools may investigate the causes for the delay and initiate one of the following actions that will provide the required audited financial statements in the most effective manner:

(1)The county superintendent of schools may, after consultation with the school district governing board and the auditors under contract to the district, and with the consent of the Controller’s office and the Superintendent, grant an appropriate extension for the completion of the audit and the filing of the audited financial statements. An extension does not waive the legal deadline, but permits the filing of the report after the deadline. An extension shall be appropriate if the extension adheres to all of the following requirements:

(A)An extension shall be the shortest amount of time reasonable given the extenuating circumstances justifying the extension.

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Legislative history

Amended by Stats. 2025, Ch. 8, Sec. 17. (AB 121) Effective June 27, 2025.