AN ACT CONCERNING THE ESTABLISHMENT OF A PILOT PROGRAM FOR A COMMON CHART OF ACCOUNTS AND FINANCIAL SYSTEM IN SCHOOL DISTRICTS.

HB 5886 establishes a pilot program at EastCONN regional educational service center to create a standardized financial system for participating school districts. The bill directs the program to develop a common chart of accounts meeting state and federal reporting requirements and to evaluate and implement a shared financial management system. This pilot directly affects school districts choosing to participate through EastCONN, aiming to simplify financial reporting across multiple districts. The legislation focuses on creating consistent financial tracking tools, not on specific funding amounts or long-term mandates.