Financial Records Reports and Monitoring. The School shall utilize the standard state codification of accounts as contained in the most recent issue of the publication titled, Financial and Program Cost Accounting and Reporting for Florida Schools (the Red Book) as a means of codifying all transactions pertaining to its operations.
Financial Records Reports and Monitoring. (1) The School shall maintain all financial records which constitute its accounting system (including but not limited to, the School’s utilizing the standard state codification of accounts as a means of codifying all transactions pertaining to the School’s operations) in compliance with the provisions of the most recent issue of the publication titled “Financial and Program Cost Accounting and Reporting for Florida Schools” (the “Red Book”) and any applicable FDOE Technical Assistance notices. Federal, state and local funds shall be maintained according to existing mandates and practices. Pursuant to s. 1002.33(9)(g)2, F.S., in the event the governing board of the School elects to follow generally accepted accounting standards for non-profit organizations, the School shall notify the Sponsor in advance and provide evidence of such election. However, the School understands and agrees that the School shall, at its cost, reformat its financial information according to the standards set forth in the Red Book and s. 1011.60, F.S., for its annual financial audit.
Financial Records Reports and Monitoring. 1) Maintenance of Financial Records 36
Financial Records Reports and Monitoring. Section 1002.33(5)(b), Florida Statutes, requires the Sponsor to monitor the revenues and expenditures of the School. The parties agree that the Sponsor, with reasonable notice, may request at any time, and the School shall promptly provide, reports on the School’s operations in a format acceptable to the Sponsor. Such reports shall be in addition to those required below.
Financial Records Reports and Monitoring. Maintenance of Financial Record The School shall use the standard state format contained in the Financial and Program Cost Accounting and Reporting for Florida Schools (The Red Book) for all financial transactions and maintenance of financial records. Financial and Program Cost Accounting and Reporting for Florida Schools The School agrees to do an annual cost accounting in a form and manner consistent with generally accepted governmental accounting standards in Florida. The financial statements are to be prepared in accordance with the provisions of section 1002.33(9), Florida Statutes. Financial Reports Monthly or Quarterly Financial Reports The School will submit a monthly or quarterly, as applicable, financial statement pursuant to section 1002.33(9), Florida Statutes, and Rule 6A-1.0081, Florida Administrative Code, to the Sponsor no later than the last day of the month following the month being reported or in the case of a High-Performing charter school, financial reports shall be submitted quarterly as provided by Florida law. The monthly or quarterly report will be in the format prescribed by the FDOE. The parties agree that the Sponsor may reasonably request, in accordance with section 1002.33(5)(b)1.j., Florida Statutes, documents on the School's financial operations beyond the monthly financial statement and the School shall provide in a reasonable timeframe. Annual Property Inventory The School will submit annually to the Sponsor a property inventory of all capital assets or additions to capital assets purchased with public funds (including grant funds). This includes land or existing buildings, improvements to grounds, construction of buildings, additions to building, remodeling of buildings, initial equipment, new and replacement equipment, and software. This shall include furniture, fixtures, and equipment. The property inventory shall include the date of purchase, description of the item purchased, the cost of the item, and the item location. The property inventory shall be submitted to the sponsor annually at the same time School’s Annual Audit is submitted. Program Cost Report The School agrees to deliver to the Sponsor its annual cost report in a form and manner consistent with generally accepted governmental accounting standard in Florida, no later than the last business day in July. Annual Financial Audit The School will annually obtain a financial audit, from a licensed Certified Public Accountant or Auditor, selected pursuant to sect...
Financial Records Reports and Monitoring. 1125 1. Maintenance of Financial Records 1126 The School shall use the standard format contained in the Financial and Program Cost 1127 Accounting and Reporting for Florida Schools (The Red Book) for all financial 1128 transactions and maintenance of financial records.
Financial Records Reports and Monitoring
