Preparation for your charter school audits is year-round but setting up the processes and controls early can save you loads of headaches down the line.

Types of Non-Academic Audits to Prepare for:

  • Yearly financial audit
  • Authorizer scheduled visit
  • Surprise visit/audit (attendance, operational)
  • Internal audits

To prepare for all the above audits, implement internal controls for best in class operational and financial management and audit and surprise visit preparation. Here’s how:

  1. Create clear policies & procedures (… then follow them!)
  2. Define clearly who is responsible for what in their job descriptions
  3. Create physical controls like double signatures and named authorizers, and segmentation of duties (for example: the person handling money is not the one also signing the checks)
  4. Double signatures & authorizers
  5. Segregation of duties—person handling money is not signing checks
  6. Reconcile your bank statements regularly
  7. Make sure to have a backup of financial documentation (binders and electronic files)
  8. Encourage whistleblowers in your organization for non-compliance with processes
  9. Make sure your Governing Board is engaged in an appropriate level oversight
  10. Create binders and electronic files
  11. Regularly self-audit your charter school so you are ready

Preparing for audits can be incredibly intimidating – but it doesn’t have to be!

Join us for a two-part workshop and walk away with powerful tools to improve your school’s operational stability and run at top efficiency. We’ll complete a pre-audit to assess how your school is doing covering all the compliance issues that get missed because they’re pushed to the bottom of your never-ending stack. By the end of these two sessions, you’ll also learn how to save money, generate revenue, set up strategic plans, and reduce risks.

Register for Part 1: Live January 28, 2022, at 10AM PT/ 1PM ET

Register for Part 2: Live February 10, 2022, at 9AM PT/ 1PM ET

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Since the company’s inception in 2006, Charter School Capital has been committed to the success of charter schools. We help schools access, leverage, and sustain the resources charter schools need to thrive, allowing them to focus on what matters most – educating students. Our depth of experience working with charter school leaders and our knowledge of how to address charter school financial and operational needs have allowed us to provide over $1.8 billion in support of 600 charter schools that have educated over 1,027,000 students across the country. For more information on how we can support your charter school, contact us. We’d love to work with you!

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