FISCAL RELATIONSHIPS. A. To the extent that the District is required to submit financial forms on behalf of CMP, CMP is responsible for providing the necessary information to the District in a timely manner and in a format acceptable to the District. CMP agrees to follow processing schedules and District business office procedures.
B. AVERAGE DAILY ATTENDANCE: CMP will be responsible for its daily andmonthly attendance accounting. CMP will submit the attendance reports in accordance with the District format and State law and regulations to the District's attendance officer. These reports will be submitted to the District at least one
(1) week prior to the county submission due dates for the CMP's P1, P2, and annual attendance periods. These dates will be part of CMP's annual calendar development. Such attendance information will be included in the annual independent audit of CMP. CMP will report to the District the names of the students who have newly enrolled in CMP, including their name, address, grade level, and the student's prior district and school. In the case of Kindergarten students, CMP will report the school they would have attended if they are determined to be residents of the District. This will occur on the CBEDS reporting date and by February 15, of each year of this MOU, and during the annual report (without student names), or as otherwise required by law. CMP will report the names of the students who have dis- enrolled from CMP along with the reason for disenrollment (i.e., returning to district of residence, drop out, expulsion) and where the student intends to attend school, if known, upon CMP's action of dropping the student. CMP will report to the last known school district of residence by letter all students who dis-enroll in accordance with Education Code section 47605(e)(3). To the extent known, CMP will report to the District any student who plans to reenroll in the District promptly upon learning of the disenrollment.
C. ANNUAL AUDIT: CMP shall be responsible for having an annual independent fiscal audit completed of the entire CMP operation in accordance with all applicable laws. The audit will be conducted in accordance with generally accepted accounting principles applicable to public schools formed as non-profit corporations. CMP's annual audit will be completed and forwarded to the chief financial officer of the District, the County Office of Education, the State Controller's Office, and the California Department of Education on or before December...
FISCAL RELATIONSHIPS. A. The District and the Charter School agree that the District shall not act as fiscal agent for the Charter School. It is understood that the Charter School shall be responsible for all fiscal services such as payroll, purchase orders, attendance reporting and state budget forms but may, if it chooses and the District approves, contract with the District for services by way of a separate written agreement. The provision of such services shall be at no cost to the District.
1. To the extent that the District is required to submit financial forms on behalf of the Charter School, the Charter School is responsible for providing the necessary information to the District in a timely manner and in a format consistent and compatible with District software systems. The Charter School agrees to follow processing schedules and District business office procedures.
2. The Charter School will establish a system for internal fiscal management and a calendar for fiscal services to include cash flow check points, hiring of auditor, audit timeline and attendance reporting as further outlined below. The Charter School agrees to bear the reasonable and actual audit costs should the District’s auditors be requested to, or required to, audit the Charter School.
FISCAL RELATIONSHIPS. A. To the extent that the District is required to submit financial forms on behalf of the Charter School, the Charter School is responsible for providing the necessary information to the District in a timely manner and in a format acceptable to the District. The Charter School agrees to follow processing schedules and District business office procedures.
FISCAL RELATIONSHIPS. 1. The District and Pacific School agree that the District shall not act as fiscal agent for the Pacific School.
