(1) Not later than July 30, 2015, and not later than July 30 each year thereafter, each school district that includes an at-risk school that received a grant from the program during the preceding fiscal year shall prepare and submit to the department a report that describes the use of the grant moneys.

(2) (a) Not later than January 30, 2016, and not later than January 30 each year thereafter, the department shall prepare and submit to the education and the health and human services committees of the house of representatives and the senate, or any successor committees, a report that describes the activities carried out under this article and that evaluates the effectiveness of the program.

(b) The report prepared by the department pursuant to paragraph (a) of this subsection (2) shall, at a minimum, include the following:

(I) The total number of at-risk schools that received moneys awarded as grants under the program;

(II) The amount of moneys awarded to each at-risk school that received a grant under the program;

(III) Information demonstrating the department's compliance with the provisions of this article and any rules promulgated by the state board pursuant to section 22-82.3-109; and

(IV) Statistical evidence or other information to assist the committees in evaluating the effectiveness of the program, with attention given to the extent to which the program achieved the objectives of the program as described in section 22-82.3-102. The statistical evidence or other information shall, at a minimum, include data indicating the extent to which the program has improved the academic achievement, physical and mental health, attendance, and graduation rates of students in at-risk schools that received grant moneys under the program.