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Finance

Finance. Tasha Robinson Director of Finance (803) 734-8017 trobinson@sccharter.org. Funding FY14 SCDE Check Disbursement Dates. July 22 August 22 September 20 October 22 November – TBD December – TBD January 22 February 21 March 21 April 22 May 22 June 20.

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Finance

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  1. Finance Tasha Robinson Director of Finance (803) 734-8017 trobinson@sccharter.org

  2. FundingFY14 SCDE Check Disbursement Dates • July 22 • August 22 • September 20 • October 22 • November – TBD • December – TBD • January 22 • February 21 • March 21 • April 22 • May 22 • June 20

  3. FundingAllocation Updates • 5 day ADM • New charter schools in the current fiscal year • Schools having approved incremental growth and expansion as provided in the charter application (eg. adding a grade) • 45 day ADM • 135 day ADM

  4. FY 2014 • EFA Funding Base Student Cost is $2,101 • Charter Funding Base Student Cost remained the same • Brick and Mortar = $3,250 • Virtual = $1,700 • Teacher Supply monies are $275 per eligible teacher/staff

  5. Internal Controls Segregation of Duties Supporting Documentation Keep up with your receipts Attach all receipts and other relevant information to credit card statements, invoices and/or reimbursement forms • Someone other than the person requesting reimbursement should be approving the requests and signing the manual check • Someone other than the person using the credit card should be approving the statement for payment

  6. Internal Controls • When receiving fees from someone, make sure receipts are issued • School credit cards and checks should be stored in a secure location • While out of the office, the principal should not sign blank checks and leave them in the office for emergencies. Someone, such as a board chair, should be designated to sign in their absence.

  7. Financial Reporting • Monthly Uploads into Smartfusion – Due by 10th of the following month • Quarterly Financial Statements • Board approved Budget • Due by July 31 • Audits • Hard and electronic copy are due to the District office (Finance) by November 1 • Audit adjustments are due in our system by November 15 • Inventories / Fixed Assets • A DRAFT of procedures is available on Sharepoint • Please review and provide feedback to me (trobinson@sccharter.org) by August 14

  8. Questions?? Tasha Robinson Director of Finance (803) 734-8017 trobinson@sccharter.org

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