131st MAINE LEGISLATURE
		LD 100		LR 241(01)
	An Act to Require an Annual Financial Audit of a Private School Approved for Tuition Purposes
	Preliminary Fiscal Impact Statement for Original Bill
	Sponsor: Rep. Millett of Cape Elizabeth
	Committee: Education and Cultural Affairs
	Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
Current biennium cost increase - Other Special Revenue Funds Current biennium revenue increase - Other Special Revenue Funds Minor cost increase - General Fund
Fiscal Detail and Notes
	Any audits of private schools conducted by the Office of the State Auditor (OSA) would be by contract with the schools and would generate Other Special Revenue Funds revenue to cover the costs of the audits. Additional costs to the OSA associated with the receipt and processing of reports of annual private school audits not conducted by the OSA are expected to be minor and can be absorbed within existing budgeted resources.
	Additional costs to the Department of Education associated with rulemaking and compliance reviews can be absorbed within existing budgeted resources.