Budget & Financial Management
A comprehensive financial management system must address all aspects of fiscal management. At a minimum, such a system will include the following elements:
- A comprehensive set of fiscal management policies and procedures, clarifying who has authority over the school’s fiscal affairs, internal controls, accounting practices, purchasing and personnel practices.
- A budget development calendar and budget monitoring system
- An accounting system
- A system of conducting timely and accurate payroll
- Establishment of external review of reports by qualified personnel including board members, CPA, and auditors
Charter School Audits: Charter school audits from 2009-2013 as reported to ISBE.
Compliance Checklist: Sample audit compliance checklist for charter schools.
Illinois District Financial Reports: Historical annual reports sorted by their RCDT code.
Illinois State Board of Education Budget: Past and current ISBE budget books.
Operating Expense per Pupil (OEPP) and Per Capita Tuition Charge (PCTC): Definitions and calculations of OEPP and PCTC.