Financial Accounting and Reporting. The Project must act within the financial policies of the Sponsor. The Sponsor will maintain books and financial records for the Project in accordance with generally accepted accounting principles. The Project’s revenue and expenses shall be separately classed in the books of the Sponsor. The Sponsor will provide reports reflecting revenue and expenses to the Project on a monthly basis, within two weeks after the end of each month, and, on an annual basis, within three months after the end of each fiscal year of the Sponsor.
Financial Accounting and Reporting. The Charter School shall timely submit to the Sponsor and DESE all accounting and reporting in accordance with the Monitoring Plan.
4.8.1 The Charter School shall adhere to practices that are consistent with the Missouri financial accounting manual.
4.8.2 All required Charter School accounting and reports shall be submitted to the Sponsor in a format compatible with Generally Accepted Accounting Principles (“GAAP”).
4.8.3 The Charter School shall submit to DESE an Annual Secretary of the Board report (“ASBR”) on or before August 15.
Financial Accounting and Reporting. Sponsor and the Grantee will maintain books and financial records for the Sponsored Program in accordance with generally accepted accounting principles, shall retain records as long as required by law and shall make records available to auditors as required by law. The Grantee will reflect the activities of the Sponsored Program, to the extent required, on its state and federal tax and information returns and financial reports. All disbursements from the Sponsored Program Funds shall be made payable to the Grantee.
Financial Accounting and Reporting. 3.2.1 The Charter Operator shall be responsible for the Charter School’s operation, including the preparation of a budget. The Charter Operator shall submit a budget directly to MCSAB in a manner and at the times prescribed in the Fiscal Oversight Policy promulgated by MCSAB, attached hereto as Exhibit H.
3.2.2 The Charter Operator shall comply with all rules, guidelines, and regulations adopted by MCSAB prescribing forms and practices for budgeting, accounting, and financial reporting including, but not limited to, those prescribed in the Fiscal Oversight Policy promulgated by MCSAB, and attached hereto as Exhibit H.
3.2.3 The Charter Operator agrees to submit any amended budgets or other requested financial documents according to the guidelines developed by MCSAB policy.
3.2.4 The Charter Operator shall conduct an annual independent audit and submit it to the Mississippi Charter School Authorizer Board. The audit shall be conducted either by the State Auditor or a certified public accountant approved by the State Auditor. The certified public accountant may not be selected to preform the annual audit of a charter school if that accountant previously has audited the charter school for more than three (3) consecutive years. The Charter Operator shall file a copy of the audit report and accompanying management letter with MCSAB in compliance with Miss. Code Xxx. § 37-28-57(2).
3.2.5 The Charter Operator shall maintain records in a manner that reflects compliance with this Charter Contract and generally accepted accounting principles.
3.2.6 Assets, funds, liabilities, and financial records of the Charter School shall be kept separate from assets, funds, liabilities, and financial records of any other person, entity, or organization unless approved in writing by MCSAB.
Financial Accounting and Reporting. 3.2.1 The Charter Operator shall be responsible for the Charter School’s operation, including the preparation of a budget.
3.2.2 The Charter Operator shall comply with all rules, guidelines, and regulations adopted by BESE and/or the BOARD prescribing forms and practices for budgeting, accounting, and financial reporting.
3.2.3 The Charter Operator agrees to submit any amended budgets or other requested financial documents according to the guidelines developed and adopted by the BOARD.
3.2.4 The Charter Operator shall maintain records in a manner that reflects compliance with this Charter Contract and generally accepted accounting principles. The Charter Operator is subject to appropriate financial audits in accordance with La. R.S. 24:513 et. seq. and La. R.S. 17:3996(F).
3.2.5 The Charter Operator shall conduct an annual independent audit and submit it to the Louisiana Legislative Auditor, with copy to the BOARD, said audit to be conducted by a certified public accountant in accordance with La. R.S. 24:513, et seq., and La. R.S.17:3996(F), the cost of which shall be borne by the Charter Operator.
Financial Accounting and Reporting. 23.5.1 PISOTA shall timely submit to the County Board all financial accounting and reporting according to County Board procedures. All of PISOTA’s accounting shall be performed in accordance with Generally Accepted Accounting Principles (GAAP), COMAR, County Board Policy and Superintendent’s rules. PISOTA agrees to use the CCPS financial software for accounting and financial reporting purposes.
23.5.2 PISOTA shall arrange for an annual audit to be conducted by a certified public accountant in accordance with Generally Accepted Accounting Principles (GAAP), the cost of which shall be borne by PISOTA. The results of the annual audit shall be shared with the Superintendent.
23.5.3 PISOTA shall implement and follow all County Board policies, Superintendent’s rules, and practices regarding school-level funds management, the handling of School Activity Funds and other bookkeeping and accounting matters.
23.5.4 PISOTA shall not impose any student tuition, contribution or attendance fee of any kind as a condition of enrollment. PISOTA may charge lab fees, supply fees and other material fees similar to those charged to students by CCPS. PISOTA shall maintain an accounting of collected fees and provide that information to CCPS.
23.5.5 PISOTA, at its discretion, may pursue additional funds, whether public or private without a reduction in the funding provided by CCPS. In the event the Charter School pursues additional funds, through grants or other sources, the County Board shall cooperate with PISOTA in the preparation of such applications or requests for such additional funds. PISOTA shall be responsible for meeting any and all application, expenditure, and reporting requirements associated with such additional funds. The receipt, expenditure and accounting for any such additional funds shall be subject to the County Board's oversight pursuant to Maryland Charter School Law. PISOTA shall hire or procure at its own expense qualified accounting services to oversee all non-CCPS finances.
Financial Accounting and Reporting. The Treasurer shall maintain a general ledger and shall report to the Board at least once per quarter-year on receipts and disbursements, assets and liabilities, and perform all matters of recording and reporting according to generally accepted accounting principles. The Treasurer shall keep separate records and provide separate reports on health, life, dental (and any other coverage lines authorized by M.G.L. Chapter 32B) receipts and disbursements, if applicable.
Financial Accounting and Reporting. The Sponsor will maintain accurate and up-to- date books and financial records for the Partnership in accordance with generally accepted accounting principles. The Partnership’s revenue and expenses shall be separately classed in the books of the Sponsor. The Sponsor will provide reports reflecting revenue and expenses related to the Partnership’s grants, contributions, and gifts on a monthly basis in comparison with the monthly bank statement, budget and a cumulative year-end report.
Financial Accounting and Reporting. The Sponsor shall maintain books and financial records for the Commission in accordance with generally accepted accounting principles. The Commission‟s revenue and expenses shall be separately classed in the books of the Sponsor. The Sponsor will provide reports reflecting revenue and expenses to the Commission on a monthly basis, within two weeks after the end of each month, and on an annual basis, within three months after the end of each fiscal year of the Sponsor.
Financial Accounting and Reporting. 3.2.1 The Charter Operator shall be responsible for the Charter School’s operation, including the preparation of a budget. The Charter Operator shall comply with the provisions of La. R.S. 39:1301 through 1315 (Local Government Budget Act) and shall submit a budget directly to the State Superintendent of Education (“Superintendent”) in a manner and at the times prescribed in the Fiscal Oversight Policy promulgated by BESE, attached hereto as Exhibit E.
3.2.2 The Charter Operator shall comply with all rules, guidelines, and regulations adopted by BESE and/or the LDE prescribing forms and practices for budgeting, accounting, and financial reporting including, but not limited to, those prescribed in the Fiscal Oversight Policy promulgated by BESE, and attached hereto as Exhibit E.
3.2.3 The Charter Operator agrees to submit any amended budgets or other requested financial documents according to the guidelines developed by the Division of Education Finance and BESE regulation.
3.2.4 The Charter Operator shall conduct an annual independent audit and submit it to the Louisiana Legislative Auditor, with copy to BESE and the Louisiana Department of Education, Division of Education Finance, said audit to be conducted by a certified public accountant in accordance with La. R.S. 24:513 et seq., and La. R.S.17:3996(F), the cost of which shall be borne by the Charter Operator.
3.2.5 The Charter Operator shall maintain records in a manner that reflects compliance with this Charter Contract and generally accepted accounting principles. The Charter Operator is subject to appropriate financial audits in accordance with La. R.S. 24:513 et. seq. and La. R.S. 17:3996(F).
