School Financial Matters a. Financial and Governance Warnings This charter incorporates by reference, all applicable federal and state laws and regulations and State Board rules unless specifically waived. A copy of the State Board rules may be obtained at the following locations: Website: xxxx://xxx.xxxxx.xxxx.xxx/publicat/code/r277/r277.htm Mail: Utah State Office of Education 000 Xxxx 000 Xxxxx P.O. Box 144200 Salt Lake City, UT 84114-4200
School Financial Matters. Funding Charter Operator shall control and be solely responsible for the sound financial management and performance of Charter Operator and Charter School. Charter School shall receive a per pupil amount each year in accordance with La. R.S. §§ 17:10.7.1 and 17:3995 (“MFP Funds”) and school board policies established in accordance therewith. Funds from the school board shall be distributed to Charter School monthly, on or before the 25th day of each month. The provisions of La. R.S. § 17:3995 that permit the calculation of the MFP Funds for charter schools to exclude any portion of local revenues specifically dedicated to capital outlay or debt service, shall apply to Charter School’s funds only to the extent that Charter School students are housed in a school board-owned facility. The school board may withhold an administrative fee of up to the maximum amount specified by La. R.S. § 17:3995(A)(4). On or before July 1st of each calendar year, the school board shall provide Charter Operator a projected budget with line item details of anticipated administrative costs that shall be funded by the administrative fee. An itemized accounting shall be provided by the school board to Charter School at the end of each fiscal year in accordance with state law (currently La. R.S. § 17:3995(A)(4)(c)). Charter Operator shall retain a Qualified and Competent Business Professional who meets or exceeds the minimum requirements and qualifications specified by state law and regulations, including but not limited to BESE Bulletin 1929, the Louisiana Accounting and Uniform Governmental Handbook, to produce all financial and accounting information and reporting required by this Agreement, state law, and BESE policy and regulation, except the required annual audit, which shall be performed by a Louisiana licensed Certified Public Accountant. Charter Operator shall be responsible for meeting all financial obligations under this Agreement and applicable federal and state law, including but not limited to the provision of transportation, English-language learners (ELL) services and services and/or accommodations for students with disabilities, with the funds received in accordance with this Agreement and any other federal, state, or local funds available to Charter Operator for these purposes. Nothing in this Agreement shall obligate the school board to provide Charter Operator with any funds not referenced in this Agreement, and in no instance shall the school board be obligated ...
School Financial Matters
