SPCSA asks NDE to streamline charter financial reporting, revisit insurance rules

Katie Brought, director of authorizing for the State Public Charter School Authority (SPCSA), addressed the board during the public-comment period and thanked the department for the review process while outlining concrete recommendations for charter-related regulations.

Brought said many financial regulations in NAC chapter 388A and NAC 387 have not been updated since 2009 or 2014 and no longer reflect current funding practices. She recommended updating the regulatory requirements for charter-school insurance in NAC 388A.190, removing the Department of Taxation as the party responsible for creating and receiving financial-reporting templates, and instituting a process where charter-school sponsors have two weeks to review financial reports before the reports are submitted to the Department of Education to improve accuracy.

"Because charter school boards are not considered local governments, we believe the Department of Taxation's role in these processes should be re-evaluated," Brought said. She also asked that sponsors be given a two-week review window to identify and correct errors before submission to NDE.

Brought said the SPCSA will continue to provide suggested revisions by the department's stated comment deadline.