Maintaining Effective Controls. The executive director will have primary responsibility for overseeing the school’s fiscal operations. The executive director will contract with Xxxxxx & Associates to assist with the responsibilities of financial management and reporting. The executive director and Xxxxxx & Associates will closely monitor cash flow and all regulations and compliance issues pertaining to school funding. Fiscal Accountability All board members and administrators of Columbus Collegiate who have delegated authority over financial management issues will be required to attend training on finance management. The chair of the board and the executive director will work together to find a qualified resource to deliver training. The class will include basic principles of accounting and information pertaining to financial controls and reading balance sheets, income statements, and cash flow statements. Although our board treasurer will have finance and accounting experience, we recognize that it is everyone’s responsibility to know and understand fundamental fiscal management and accounting practices. All board members will have the right to review the school’s financial records at all times. We are committed to establishing systems of internal controls and maintaining properly functioning systems that protect the economic health of the school and increase its ability to sustain itself year after year.
Maintaining Effective Controls. The CEO will have primary responsibility for overseeing the school’s fiscal operations. The CEO will contract with Xxxxxx & Associates to assist with the responsibilities of financial management and reporting. The CEO and Xxxxxx Associates will closely monitor cash flow, as well as all regulations and compliance issues pertaining to school funding. Fiscal Accountability All board members and administrators of UPA who have delegated authority over financial- management issues will be required to attend training on finance management. The board chair and the CEO will work together to find a qualified resource to deliver training. The class will include basic principles of accounting and information pertaining to financial controls, as well as the reading of balance sheets, income statements, and cash-flow statements. Although the school board treasurer will have finance and accounting experience, UPA recognizes that it is every board member’s responsibility to understand fundamental fiscal management and accounting practices. Annual Audits USN intends to hire a third party to conduct an annual audit. The auditor will be a certified public accountant who will audit the financial records in accordance with generally established accounting principles.
Maintaining Effective Controls. The executive director will have primary responsibility for overseeing the school’s fiscal operations. The executive director will contract for services to assist with the responsibilities of financial management and reporting. The executive director will closely monitor cash flow and all regulations and compliance issues pertaining to school funding. Fiscal Accountability All board members and administrators of CCA-West who have delegated authority over financial management issues will be required to attend training on finance management. The training will include basic principles of accounting and information pertaining to financial controls and reading balance sheets, income statements, and cash-flow statements.
Maintaining Effective Controls. The executive director will have primary responsibility for overseeing the school’s fiscal operations. The executive director will contract for services to assist with the responsibilities of financial management and reporting. The executive director will closely monitor cash flow and all regulations and compliance issues pertaining to school funding. Fiscal Accountability All board members and administrators of CCA-West who have delegated authority over financial management issues will be required to attend training on finance management. The training will include basic principles of accounting and information pertaining to financial controls and reading balance sheets, income statements, and cash flow statements. Annual Audits Columbus Collegiate Academy - West intends to hire a third party to conduct an annual audit. The auditor will be a certified public accountant who will audit the financial records in accordance with generally established accounting principles.
