A.R.S. § 15-1052

The department of education shall account for all federal monies it receives in separate accounts or funds as necessary to meet accounting, budgetary and auditing requirements. The department of education may use the most efficient system of accounts and records, consistent with legal requirements and standards and necessary fiscal safeguards. The department of education shall provide a report detailing all federal monies received by the department of education, including differentiating between noncustodial federal monies and all other federal monies and how monies were allocated during each fiscal year. The department of education shall submit the report on or before December 1 of each year to the joint legislative budget committee for review.