TEA has calculated IDEA-B LEA maintenance of effort (MOE) compliance reviews for school year 2020-2021. What is IDEA-B Maintenance of Effort (MOE)? MOE is a federal requirement that affects how an LEA (i.e. Charters) budgets and spends their state and local funds on special education students. Charter School Success helps our charter school clients in both the … Read More
Operational Minutes Adjustment 2021-2022
The Texas Education Agency has announced that LEAs will receive an automatic adjustment to operational minutes for the 1st – 4th six-weeks attendance reporting periods to mitigate against FSP funding reductions due to low percentage attendance rates. This will allow LEAs the opportunity to recoup funds lost due to low attendance rates likely caused from … Read More
Salary/Payroll Overview – The Total Package
Compensation An employee’s compensation is determined by their position and responsibilities along with the amount of related experience and education they’ve obtained. An organization determines what tool best fits their structure. Districts utilize Pay Scales, Pay Grades, and Pay Step Scales to assist in the Compensation Process. These scales can fluctuate from one year to … Read More
Completing Fall Time and Effort for Federally Funded Staff
Time and effort are two things we all wish we had more of, but what do they mean in federal grants lingo? You may have been asked by auditors before for “time and effort” paperwork for your federally-funded personnel. With the fall semester coming to an end, it is time to pay attention to this … Read More
Audit Update: Submitting Your Annual Financial Report
It’s Audit Time! In Today’s Tip, we’ll be discussing the steps you need to take to submit/upload your Annual Audit — also referred to as the Annual Financial Report (AFR). At CSS, we help review and assist in the completion and submission of the audit for our Charter School Success clients. On-time audits are required to Pass FIRST, … Read More
Charter FIRST Hearing
Charter FIRST is the Financial Integrity Rating System of Texas (FIRST), which is detailed in Texas Education Code 39.082. The purpose and goal of having a financial accountability rating system is to ensure that open enrollment charter schools continually strive to improve the management of their financial resources and provide transparency and openly report results … Read More
Updated State Aid Template available from TEA
The Charter School 2020-2021 State Aid Template is NOW AVAILABLE on the Texas Education Agency website! Over the last several months, Charter School Success has been working with our client charters to help develop their 2020-2021 budget, using the 2019-2020 State Aid Template information and calculations. Now that the 2020-2021 Estimate of State Aid Template … Read More
Time to file Quarter 1 941 reports
It is that time of year to file the 941 Quarterly Payroll Reporting to the Internal Revenue Services (IRS) and report wages to the Texas Workforce Commission (TWC.) First quarter 941 forms are due April 30, 2020. What is a 941? IRS Form 941 is a quarterly report of wages paid to employees and the … 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
Time to file Quarter 4 941 reports
It’s time to file your final 941 Quarterly Payroll Reporting to the Internal Revenue Service and report wages to the Texas Workforce Commission for the previous calendar year. Quarter 4 941 forms are due JANUARY 31, 2020. What is a 941? IRS Form 941 is a quarterly report of wages paid to employees and the … Read More
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