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Financial Management (FM)
Assessment Documentation Format
Standards for the Improvement of Pupil Services, Safety and Achievement
Date Professional Standards Source(s)
and
Documentation
Health &
Safety Issues
Project Leader

Standard
Implemented

Fully
Partially Not
  FM.P1 The budget development process includes input from staff, administrators, board and community.              
  FM.P2 Policies and regulations exist on budget development and monitoring              
  FM.P3 An adopted budget calendar exists that meets legal and management requirements.              
  FM.P4 Revenue and expenditures are forecast and verified monthly.              
  FM.P5 The budget includes meaningful/ crucial information and is presented in a manner that the board, staff and community easily understands.              
  FM.P6 Clearly identify one-time source and use of funds.              
  FM.P7 The district uses an on-line position control system which tracks personnel allocations and expenditures.              
  FM.P8 An accurate record of daily attendance is maintained at the site and reconciled monthly.              
  FM.P9 Budget revisions occur per established procedures and are approved by the board.              
  FM.P10 Timely and accurate information regarding all financial activity of income and expenditures (unrestricted and restricted) programs is evident.              
  FM.P11 A reliable computer program which provides reliable multi-year financial projections is used.              
  FM.P12 Detailed and summarized current fiscal year financial projections by the month exist for income and expenditures.              
  FM.P13 The use of reasonable ADA and COLA estimates are used when planning and budgeting.              
  FM.P14 The district annually provides a multi-year revenue and expenditure projection for all funds of the district.              
  FM.P15 Policies and regulations exist on Independent Study, Home Study, inter/intradistrict agreement and districts of choice concerning fiscal impact.              
  FM.P16 There is a process in place for the planning and implementation of a positive certification on the annual district budget.              
  FM.P17 There is a process in place for the fiscal input and planning of the district technology plan.              
  FM.P18 Develop and use a professional development plan, i.e., training business staff.              
  FM.P19 Perform a monthly cash reconciliation with the county treasurer.              
  FM.P20 When a fund has a deficit, how the deficit is being funded and the plan to balance the fund has been identified.              
  FM.P21 Adhere to criteria and standards as adopted by the State Board for budgets and interim reports.              

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