2019-20 ESSA Grant Extension Notice and Implications

Today we bring you good news and bad news; however, it will all end up working out in the long run. More time is always a good thing, so let’s start with the good news. TEA received approval from USDE to extend the availability of ESSA 2019-2020 grant funds for an additional year (until 9/30/21)! … Read More

Federal End of Year Activities for Charter Districts

Wrap it up, and we don’t mean takeout orders! It is time to wrap up the 2019-20 school year, while ramping up for next year! Charter School Success has developed a list of Federal Grants and State Comp Ed activities important to Texas Charter Schools.  The purpose of this document is to keep you informed … Read More

IDEA-B Maintenance of Effort (MOE) Compliance

TEA has calculated IDEA-B LEA maintenance of effort (MOE) compliance reviews for school year 2018–2019. 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

Charter School Budget Overview: Best Practices and Process

Effective financial management starts with a good budget. A realistic budget is a critical management and accountability tool for charter schools at every stage in their development. The process of establishing a budget forces charters to review and prioritize programs and improvements, helping them allocate resources to areas that are key to academic success. It … Read More

Comprehensive Needs Assessment

Federal Program directors across the state are instructing their Title I campuses to begin planning for the 2020-2021 school year. And this year comes with peculiar challenges since all of us are working from home.  It is important to note that USDE and TEA have not waived any of the Title Grant funding requirements for … Read More

Financial Compliance and Accountability

Because Texans trust charter officials to spend money wisely and efficiently, the state’s financial accountability systems for public charters provides a report that annually examines school funding and compliance issues to confirm that spending has been appropriate.  This report is referred to as Charter FIRST. Districts and charters must also have an outside auditor examine their financial records each … Read More

Audit Firm Selection and Qualifications

In today’s Tip, we are discussing Audit Firm Selection and Qualifications. Auditing is a process of reviewing a Charter’s financial records to decide if they are accurate and align with regulations, state laws and accounting standard. Audits are conducted by third-party external auditors that are CPA (Certified Public Accountants) or by an auditing firm. External … 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