What are Internal Controls and why are they important? Internal control is defined as a process, effected by an entity’s board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance. Internal controls are the policies and procedures management establish to achieve the … Read More
How Does My Charter’s Fiscal Risk Rating Affect Us?
Federal regulations require TEA to annually evaluate each grant recipient’s risk of noncompliance with the federal statutes, rules, terms, and conditions of their award.
American Rescue Plan Act of 2021
On March 11, 2021, President Biden signed the American Rescue Plan Act (ARPA) of 2021. Among other provisions, ARPA created a 100% COBRA premium subsidy and additional COBRA enrollment rights for certain employees (and their families) including employees who lost group health plan coverage due to an involuntary termination (gross misconduct does not apply) or reduction of hours. Who is eligible? A … Read More
Financial Management
Financial management means applying general management principles to financial resources of the Charter. This encompasses planning, organizing, budgeting, directing and controlling the financial activities such as procurement and utilization of funds. Charter School Success assists our clients with Budget, Month End Reporting, and Audit Preparation. Our finance experts are also here to help with Accounting and Bookkeeping, Purchasing, Accounts Payable and more! … Read More