Management and Financial Controls. At all times, the School shall maintain appropriate governance and management procedures and financial controls which shall include, but not be limited to: (a) budgets, (b) accounting policies and procedures, (c) payroll procedures,
Management and Financial Controls. The School's Governing Board shall develop and adhere to a policy for the School’s financial management that shall be readily accessible from the School’s website, as described in Section 8.9. This policy shall allow the School to maintain appropriate governance and management procedures and financial controls which shall include, but not be limited to:
Management and Financial Controls. The School shall at all times maintain appropriate governance and managerial procedures and financial controls; including but not limited to the identification of a professionally qualified chief financial officer or school business administrator and the resources and professional assistance needed to provide financial information upon the request of the Commission and participate in the independent annual audit required by 20-A M.R.S. § 2412-A.
Management and Financial Controls. At all times, the Charter School shall maintain appropriate governance and managerial procedures and financial controls which procedures and controls shall include, but not be limited to:
Management and Financial Controls. (a) The Education Corporation shall at all times maintain appropriate governance and managerial procedures and financial controls and maintain same at each school, program or other activity operated by the Corporation.
Management and Financial Controls. The Charter School shall at all times maintain appropriate governance and management procedures and financial controls. The Charter School shall retain an independent certified public accountant (CPA) licensed in New York State who shall perform a review of the Charter School's financial statements and management and financial controls. The CPA shall provide a report to the Board of Trustees and SED no later than November 1 of the first year of the charter (the "Initial Statement"). The Initial Statement must address whether the Charter School has adequate policies, procedures and practices in place to ensure: (i) financial records are maintained in accordance with generally accepted accounting principles (GAAP); (ii) interim and annual financial statements and other reports contain valid and reliable data; (iii) assets including cash and equipment are safeguarded;
Management and Financial Controls. The Organizer shall at all times maintain appropriate governance and managerial procedures and financial controls. The Organizer shall provide a statement to the Executive Director no later than July 1 of the calendar year in which the school intends to begin serving students concerning the status of management and financial controls (the "Initial Statement"). The Initial Statement must address whether the Organizer and the Charter School have documented adequate controls relating to:
Management and Financial Controls. The Organizer shall at all times maintain appropriate governance and managerial procedures and financial controls. The Organizer shall retain an independent certified public accountant or independent certified public accounting firm licensed in Indiana to perform an agreed-upon procedures engagement (the “Independent Accountants’ Report”) in accordance with attestation standards established by the American Institute of Certified Public Accountants. The purpose of the engagement will be to assist the Board and the Executive Director in evaluating the Initial Statement and the procedures, policies and practices established thereunder. The engagement shall commence within sixty (60) days after the date on which the School has received and disbursed more than $50,000 in monies from State funding. The resulting Independent Accountants’ Report should be provided to the Board no later than forty-five days (45) after the commencement of such engagement with a copy to the Executive Director. In the event that the Independent Accountants’ Report reveals that any of the above management and financial controls listed in subparagraphs (a) – (h) are not in place, the Organizer shall remedy such deficiencies no later than forty-five (45) days from the date the Independent Accountants’ Report was received by the Board and shall provide to the Executive Director within that forty-five (45) day period a statement that all deficiencies identified in the Independent Accountants’ Report have been corrected. Such statement shall identify the steps undertaken to correct the identified deficiencies. The Executive Director may require additional evidence to verify the correction of all such deficiencies. All documents required to be submitted pursuant to this paragraph shall be submitted electronically in accordance with guidance published by the Indiana Charter Board.
Management and Financial Controls. The Charter School shall at all times maintain appropriate governance and management procedures and financial controls. To better ensure this outcome from the School’s commencement, the Charter School shall provide a statement to SED no later than one hundred-twenty (120) days from the Effective Date concerning the status of management and financial controls (the "Initial Statement"). The Initial Statement must address whether the Charter School has documented adequate controls relating to: a. preparing and maintaining financial statements and records in accordance with generally accepted accounting procedures (GAAP);
Management and Financial Controls. The Organizer shall at all times maintain appropriate governance and managerial procedures and financial controls. The Organizer shall provide a statement to the Executive Director no later than August 1 of the calendar year in which the school intends to begin serving students attesting to the fact that the minimum internal control standards and procedures required by SBOA pursuant to IC § 5-11-1-27(e) have been adopted and that all appropriate persons have been trained on those minimum standards (the “Initial Statement”). In the event that it is determined that any of the required management and financial controls are not in place, the Organizer shall remedy such deficiencies no later than forty-five (45) days from the date the determination is made and shall provide to the Executive Director within that forty-five (45) day period a statement that all identified deficiencies have been corrected. Such statement shall identify the steps undertaken to correct the identified deficiencies. The Executive Director may require additional evidence to verify the correction of all such deficiencies. All documents required to be submitted pursuant to this paragraph shall be submitted electronically in accordance with guidance published by the Indiana Charter Board.
