Finance Tasha Robinson Director of Finance (803) Ciera Bing (Roper) Assistant Director of Finance (803)

FY16 Funding  Teacher Supply = $250  Any supplies/materials/equipment purchased with this funding is that of the teacher. If a teacher leaves, supplies are taken by the teacher upon their departure.  Any funds not disbursed to teachers must be returned.  Funds should be disbursed in a manner separate and distinct from payroll.  EFA Funding =$2,220 (FY15 - $2,120, ended the year at $2,100.65)  Lottery funding has been rolled into EFA.  Charter Funding  Brick and Mortar = $3,600  Virtual = $1,900

FY16 EFA/State Funding Release Dates (Dates Funding is expected to be released to Districts)  July 22  August 21  September 22  October 22  November – TBD  December – TBD  January 22  February 22  March 22  April 22  May 20  June 22

Funding Allocation Updates  5 day ADM (FY15, October)  New charter schools in the current fiscal year  Schools having approved incremental growth and expansion as provided in the charter application (e.g. adding a grade)  45 day ADM (FY15, January)  135 day ADM (FY15, May)

FY17 Enrollment Projections for budget season  will be sent over the next few weeks  Projections should be broken out by funding classification  If enrollment changes are material as defined by the amendment guidelines, a charter amendment form must be completed  Provide the rationale for the projections  One reason the rationale is requested is to possibly provide talking points for the Superintendent

CLASSIFICATION Kindergarten Primary (grades 1-3) Elementary (grades 4-8) High School (grades 9-12) Trainable Mentally Handicapped Speech Handicapped Homebound Emotionally Handicapped Educable Mentally Handicapped Learning Disabilities Hearing Handicapped Visually Handicapped Orthopedically Handicapped Vocational Autism Total Add-ons: Gifted and Talented Academic Assistance Limited English Proficiency Pupils in Poverty Add-ons Total:

Financial Reporting  Monthly Entries into Smartfusion  Due Date: 10 th of following month  Quarterly Financial Statements (new schools)  Balance Sheet, Income Statement and Cash Flow Statement  Due Date: 20 th of month following the quarter  Board-approved annual Budgets  Due Date: July 31

Financial Reporting (cont.)  Audit Letter of Engagement  Due Date: May 30  Annual Audits  Due Date: November 1  Audit Adjustments into Smartfusion  Due Date: November 15  Physical Inventory Counts  Due Date: September 30 and June 30  Annual Fixed Asset Visit  For FY16, February 2016 (Dates TBA)  Performance Framework (Finance) - TBA

Funding Resources (Links are available on the Bookshelf under Finance – Resources - Links  SCDE Funding Manual  Services/ManualsandGuidelines.cfm Services/ManualsandGuidelines.cfm  SCDE Financial Accounting Handbook  elines.cfm elines.cfm  SCDE Annual Audit Guide  elines.cfm elines.cfm

Questions?? Tasha Robinson Director of Finance (803) Ciera Bing (Roper) Assistant Director of Finance (803)