Compliance and Fiscal Reporting. Each Related Client covenants to:
(i) Monitor and file statements of information (form LLC 12) as and when required. Typically, the Statement of Information is required to be filed with the California Secretary of State within 90 days of registering an entity and every two years thereafter.
(ii) Monitor and file as needed any applications to establish or preserve the tax exempt status of each Related Client, or any Asset.
Compliance and Fiscal Reporting. 1) Prepare preliminary Budget report and submit to chartering agency in required format.
2) Twice a year, prepare Interim Financial Reports and submit to chartering agency in required format.
3) Annually, prepare the Unaudited Actuals Report and submit to the chartering agency in required format.
4) Provide Local Control Funding Formula (LCFF) funding numbers (LCFF Base Revenue, LCFF Supplemental and Concentration, and Minimum Proportionality Percentage) required for Local Control and Accountability Plan (LCAP). Assist with budget estimates related to the actions and services included in LCAP.
5) Prepare and disseminate fiscal reports to lenders and creditors as appropriate.
6) Prepare and submit federal reporting as appropriate.
7) Prepare and submit Title I, II, III and V reporting as appropriate.
8) Prepare Semiannual Certifications and/or Personnel Activity Reports to account for salaries paid for with federal funds.
9) If appropriate, complete After School Educational & Safety program reporting.
10) Prepare per pupil expenditure section of the School Accountability Report Card (SARC).
11) Prepare school expenditure section of the Civil Rights Data Collection.
Compliance and Fiscal Reporting. 1) Prepare preliminary Budget report and submit to Chartering Authority in required format.
2) Twice a year, prepare Interim Financial Reports and submit to Chartering Authority in required format.
3) Annually, prepare the Unaudited Actuals Report and submit to the Chartering Authority in required format.
4) Provide Local Control Funding Formula (LCFF) funding numbers (LCFF Base Revenue, LCFF Supplemental and Concentration, and Minimum Proportionality Percentage) required for Local Control and Accountability Plan (LCAP).
5) Assist with budget estimates related to the actions and services included in LCAP. ExED expects the development of the LCAP to be an iterative, ongoing process that is developed over multiple months. For each iteration, ExED requires 10 business days to provide budget estimates. If ExED is not provided sufficient time to develop budget estimates or if Client develops LCAP in a short time frame, ExED may not be able to provide budget estimates and Client will need to develop these estimates.
6) Prepare and disseminate fiscal reports to lenders and creditors as appropriate.
7) Prepare and submit federal reporting as appropriate.
8) Prepare and submit Title I, II, III, IV and V reporting as appropriate.
9) Provide assistance as Client prepares Semiannual Certifications and/or Personnel Activity Reports to account for wages paid for with federal funds
10) If appropriate, complete After School Educational & Safety program reporting.
11) Prepare per pupil expenditure section of the School Accountability Report Card (SARC).
12) Prepare school expenditure section of the Civil Rights Data Collection.
Compliance and Fiscal Reporting. A) Categorical Funding Applications
1) Prepare funding applications for funding sources identified in Client’s Budget. This includes the following (if applicable): Mandated Block Grant, Consolidated Application (ConApp), Title III Consortium Application English Learner, the Annual Funding Survey, the PENSEC Report for new/expanding schools, SB 740 Facility Grant Program, and the Facilities Incentive Grant, if the Client is eligible and requests that ExED complete the application.
2) Assist with budget/financial sections of Public Charter Schools Grant Program (PCSGP) and other grant applications, if applicable.
B) Compliance and Fiscal Reporting
1) Prepare the preliminary Budget report and submit to Chartering Authority in the required format.
Compliance and Fiscal Reporting. 1) Prepare preliminary Budget report and submit to Chartering Authority in required format.
2) Provide Local Control Funding Formula (LCFF) funding numbers (LCFF Base Revenue, LCFF Supplemental and Concentration, and Minimum Proportionality Percentage) required for Local Control and Accountability Plan (LCAP).
3) Provide year-to-date payroll and general ledger data to Client to support LCAP reporting. Client will identify the expenditures to be reported in the LCAP.
4) Prepare and disseminate fiscal reports to lenders and creditors as appropriate.
5) Prepare and submit Title I, II, III, IV and V reporting as appropriate.
6) If appropriate, complete After School Educational & Safety program reporting.
7) Prepare per pupil expenditure section of the School Accountability Report Card (SARC).
8) Prepare school expenditure section of the Civil Rights Data Collection.
9) Prepare and submit federal and state expenditure reporting as appropriate, including expenditure reporting for one-time funding sources (ESSER, GEER, In Person Instruction, Expanded Learning Opportunity Grant, Arts Music and Instructional Materials Discretionary Block Grant, Learning Recovery Emergency Block Grant, Educator Effectiveness, and the Universal Pre-K Planning Grant)
10) Submit Federal Cash Management reports and prepare calculations for interest earned on federal funds.
11) Provide assistance, as appropriate, to prepare for Federal Program Monitoring visits.
