(a)

1. (1) School districts must provide to the Department of Education an annual report of prior-year athletic expenditures and current-year budgets by September 15 of each year.
2. (2) Prior to submitting the report to the department, the school district’s board of directors shall review and approve the report at a legally held meeting of the board.

3. (3)

   1. (A) Following approval by the board, the report shall be:

(i) Posted on the school district’s website in a format approved by the department; and

1. (ii) Electronically submitted to the department in a format approved by the department.

   1. (B) The report shall remain posted on the school district’s website for a minimum of three (3) years following the year approved by the board.

(b) The content for the required athletic expenditure report shall be obtained from information districts submit to the department in:

1. (1) Cycle 1 for the current-year budget; and

2. (2) Cycle 9 for the prior-year actual expenditures.

   1. (c) The report shall include:
3. (1) Athletic expenditures from state funds only; and

4. (2) Budgets from state funds only.

   1. (d) The athletic expenditure report shall include the:
5. (1) Total number of coaches employed by the district during the previous school year; and
6. (2) Athletic full-time equivalency of each as submitted to the department in Cycle 8.