Arizona School Facilities Board

The Arizona School Facilities Board (SFB) was created to ensure that school buildings and equipment meet appropriate guidelines for Arizona students to achieve academic success. SFB is charged with administering four funds that help districts comply with the guidelines, purchase land, build schools, and help maintain existing facilities. Rising school construction costs and rising student enrollment will have a growing impact on the State’s General Fund. SFB should continue efforts to improve oversight of building-renewal expenditures and controls over the monies paid for school projects. In addition, the Legislature may want to consider revising the building-renewal funding formula. SFB should also improve internal controls over its IT system, which is used to manage payments.