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Finance Tasha Robinson Director of Finance (803) 734-8017 Ciera Roper Assistant Director of Finance (803) 734-0451

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Presentation on theme: "Finance Tasha Robinson Director of Finance (803) 734-8017 Ciera Roper Assistant Director of Finance (803) 734-0451"— Presentation transcript:

1 Finance Tasha Robinson Director of Finance (803) 734-8017 trobinson@sccharter.org Ciera Roper Assistant Director of Finance (803) 734-0451 croper@sccharter.org

2 Funding Resources (Links are available on the Bookshelf under Finance – Resources - Links  SCDE Funding Manual  http://ed.sc.gov/agency/cfo/finance/Financial- Services/ManualsandGuidelines.cfm http://ed.sc.gov/agency/cfo/finance/Financial- Services/ManualsandGuidelines.cfm  SCDE Financial Accounting Handbook  http://ed.sc.gov/agency/as/ManualsHandbooksandGuid elines.cfm http://ed.sc.gov/agency/as/ManualsHandbooksandGuid elines.cfm  SCDE Annual Audit Guide  http://ed.sc.gov/agency/as/ManualsHandbooksandGuid elines.cfm http://ed.sc.gov/agency/as/ManualsHandbooksandGuid elines.cfm

3 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

4 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)

5 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

6 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)

7 Questions?? Tasha Robinson Director of Finance (803) 734-8017 trobinson@sccharter.org Ciera Roper Assistant Director of Finance (803) 734-0451 croper@sccharter.org


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