![]() ![]() Free and reduced lunch percentage is currently used as an indicator of risk. Allotment may be adjusted based on current “at risk” population. ![]() Middle School – Based on ADM with consideration given to target class size. There are some differences based on school level as follows: Elementary – Based on ADM with consideration given to target class size. Generally the number of teacher positions at each school is determined by the school’s projected Average Daily Membership (ADM). Teachers: There are a fixed number of teacher positions to allocate within our system. It is impossible to provide a comprehensive list to address all situations if you have a question or are unsure please speak with your Treasurer or Finance Department. Textbooks in excess of the state’s provision of adopted textbooks. Library books for the school media center. Items which are inexpensive (cost does not exceed $5,000) with the characteristics of equipment, or items which are a service (such as the rental of instructional equipment used as part of the instructional program). Items which are expendable (that is, if damaged or if some of their parts are lost or worn out, it is usually more feasible to replace them rather than repair them). Items which lose their original shape or appearance with use. Items considered instructional supplies or materials include: Items consumed in use. At the start of each fiscal year, funds are allocated to each school based on ADM. Instructional Supplies: There are a fixed amount of funds available for instructional supplies each year. Instructional Allotment or “ADM” Teacher Allotment Clerical/Custodial Allotment Local Travel Allotment Grants $5,000 or more School Managed Revenue from fundraising activities (pictures, prom, parking passes, etc.) Grants under $5,000 Instructional Fees Revenue from vending, concessions Outside Sources PTA/PTO BoostersĮach year, Cabarrus County Schools has limited resources to fund and support four essential school related areas in our system Teachers, Teacher Assistants, instructional supplies, and clerical / custodial staffing. Any and all other responsibilities prescribed by the principal and the Finance Officer.ĥ Funding levels County Managed School Managed Outside Sources Close out all accounting records as of June 30. Meet all deadlines required for payroll reporting. Daily monitoring of timekeeper and related reporting. Work with Finance Office for expenditures relating to non-school funds. Process purchase orders, invoices, write checks for items received and paid for at the school level. Receive all monies collected, write receipts, prepare timely deposits, and deposit funds in bank. Your School Treasurer will serve as your greatest resource for helping with your fiscal management.ģ Treasurers General Statute 115C-448(a) of the School Budget and Fiscal Control Act states that the school treasurer “shall keep a complete record of all moneys in his / her charge in such form and detail as may be prescribed by the Finance Officer of the administrative unit, and shall make such reports to the Superintendent and the finance officer of the administrative unit as they or the Board of Education may prescribe.” However, ignorance of the law is no excuse. Principals would not intentionally misuse school funds. Knowledge of the laws regarding the handling of school funds is essential. He / she should develop a school budget to be used during the school year. The principal should assume the responsibility for financial planning, as well as protecting school funds. Administering funds will require the principal to make decisions regarding which programs and activities are the most important. This includes proper accounting of funds by organizations sponsored by the school (clubs, camps, etc.). It is the principal’s responsibility to establish sound bookkeeping and business practices for all receipts and expenditures regardless of the source of funds. The principal is held accountable for all school related expenditures. ![]() ![]() It is essential to follow the law and accepted practices. The principal is the fiscal manager of the school. Presentation on theme: "Cabarrus County Schools"- Presentation transcript:Īdministrator’s Tips for Financial Success ![]()
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