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
Download this free Commonly Used Acronym Cheat Sheet
Any person involved in charter school operations knows that the world of acronyms brings a strong game to the table! Even for those of us with of years of experience in the school world, keeping up with these acronyms can have a dizzying affect. For those of us who are new in our charter school … 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
Do Not Hire Registry
To enhance efforts for protection and welfare of Texas students, House Bill 3 (HB3, Article 2A) brought us new HR reporting requirements, one of which was the charge for TEA to create and maintain a new internet portal, a “Do Not Hire Registry.” The purpose of this registry is to list persons (certified and non-certified) who … Read More
Time to file Form 990
Charters are required to file Form 990 every year, and your organization’s form is due on the 15th day of the fifth month after the end of the charter’s taxable year. There are two deadlines for filing this form depending on the fiscal year of the charter school. For those charters beginning July 1, the deadline was November … Read More
New W4 Form for 2020
To go into effect January 1, 2020, the IRS has released an updated version of Form W-4. This newly redesigned version reduces the form’s complexity and increases the transparency and accuracy of the withholding system. While it uses the same underlying information as the old design, it replaces complicated worksheets with more straightforward questions that make … Read More
The Charter FIRST & PEIMS connection: Do you need a budget amendment?
The Public Education Information Management System (PEIMS) consists of four mandatory yearly data submissions. These submissions encompass all data requested and received by TEA about public education for all open enrollment charter schools in the state of Texas. PEIMS data directly affects your district’s funding, accountability and compliance systems. One of the major compliance elements … Read More
HB3 Update: Teacher Incentive Allotment
In an effort to attract more attention to the teaching field, the Teacher Incentive Allotment (TIA) is an exciting new allotment implemented through HB3 bill. TIA is meant to encourage people to join the teaching profession by providing a pathway to earn an annual $100,000 salary. Participation in the allotment is completely optional and at … Read More
HB3 Update: Bilingual Education Allotment
Texas has a healthy growing population, and with that, Texas also has an increasing Limited English Proficient (LEP) population. HB3 has expanded the resources and allotments given to schools with a Bilingual Education population to help serve this growing population. TEA states that Texas provides services to the second largest LEP population in the nation, … Read More
Board Reporting
One of the most important roles of any school board is to establish a vision for the community that encompasses charter quality, high academic results, and the ability to know the demographics of their students and understand their strengths and weaknesses. School board members play an essential role in the big picture and are required to … Read More