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- What kinds of reports does the board want on fiscal matters, and according to what schedule?
- Is the information received clear, accurate and timely?
- Do we have an audit process in place?
- Does the board understand the findings of the audit report?
- Is the business function meeting all state and federal requirements?
- Do all board members understand the basic issues in finance, and can they interpret the reports?
- What policies do we have in this area?
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- Are the accounting practices done in accordance with generally accepted accounting principles and Handbook II?
- Has the district responded to audit findings appropriately?
- What internal procedures and policies are in place regarding accounting practices?
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- What are the board policy and procedures for managing the accounting system?
- Who are the personnel at the district/SU level who are responsible for accounts and from whom assistance can be received?
- What financial reports are required from the school and who does them?
- Are there specialized accounts, credit cards? etc that need to be monitored? By whom?
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- Review policy.
- Work with administration and business personnel to develop reports and schedules that meet the board’s needs.
- Ensure that the board gets regular reports on finance.
- Provide training for board members in school finance, basic accounting records, and how use finance reports to determine how well the district is doing fiscally and programmatically.
- Review audit reports.
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- Review past audits and management letters.
- Review policies and procedures manuals.
- Meet with business operations personnel.
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- Review policy, handbooks, and procedures.
- Work with central office to determine what standard practice is for general accounting levels of approval.
- Determine system for addressing questions within the school and with central office.
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