Monthly Best Practices
» Sign the engagement letter with your auditor by the end of the month.
» Ensure FAMIS is fully spent and approved.
» Ensure property insurance coverage meets or exceeds the value of assets on the books.
» Contact existing vendors to create or update FY17-18 contracts and get multiple bids as necessary.
» Finalize the FY17-18 staffing plan, pay scale and budget for board approval.
» Review your charter goals and determine whether they require an update. If so, request a formal change from your authorizer.
» Check that the dissolution escrow account is funded in accordance with authorizer requirements, especially newly chartered schools.
» Obtain summer travel plans and contact information for key board members and school personnel to aid in audit, annual report and grant application planning.
» Collect purchase requests for the next school year from all teachers. Use this to get a head start on FY17-18 purchasing.
» Begin calculating the Total Expenditures per Child and Administrative Expenditures per Child required for the Annual Report.