Charter School Oversight Review, First Interim Financial Report 2016-17
__ School District
Page 1
Date
Letter INDIVIDUALLY addressed to CBO
Dear:
As a charter school sponsor, the district maintains fiscal oversight responsibilities, particularly in the key areas of accounting, attendance accounting, budgeting, and payroll. As part of this oversight, sponsoring school districts are also responsible for reviewing charter budget, interim, and unaudited actual reportstoassess the fiscal condition of the charter school.
As required by Education Code 47604.33, the district must submit the Budget from {__ charter school to our office.} {if multiple charters: the following charter schools to our office:
- List charter schools}
Charter Budgets and district reviews were due to Business Advisory Services (BAS) on July 1, 2017. The district submitted the charter’s Budget, their review of that Budget {, and feedback letter to the charter}, on ______, 2017. The district’s review indicated <the following>/<no> concerns regarding the charter’s financial condition, <other than the areas of concern discussed below>.} {indicate any additional concerns identified by the district} {If no feedback letter submitted:The district is encouraged to provide timely, written feedback to the charter in order to foster a cooperative working relationship and minimize financial risk. Upon completion of your feedback letter, please forward a copy to BAS.}
{If no review submitted: Charter Budgets and district reviews were due to BAS on July 1, 2017. The district submitted the charter’s interim report on __ without documentation of their review or feedback to the charter. The charter authorizer is urged to review charter interim reports, complete review documentation, and provide written feedback to the charter in order to foster a cooperative working relationship and minimize financial risk to the district. Upon completion of your review and feedback letter, please forward a copy to BAS.}
{(Indicate any other specific concerns about the charter school or the district’s review.)
Should any adverse circumstances arise related to the district’s charter school responsibilities that would negatively impact the financial condition of the district, please notify this office as soon as possible.
If you have any questions concerning our review, please contact the undersigned.
Sincerely,
__
Business Services Advisor
Business Advisory Services
(909) 386-9675
\\vmbrier-fs1\Business_Advisory-Group\Charter Schools\Reporting Templates\2017-18\2017-18 Budget charter oversight letter - district charter.doc