Thursday, October 2, 2014
Dollar Sign and Bar Code

Washington Charter School Business Office Tenets

WE BELIEVE BUDGET EXPENDITURES NEED TO BE REVIEWED EACH YEAR TO BE ALIGNED WITH OUR EDUCATIONAL GOALS WE BELIEVE

WE MUST TAKE INPUT FROM PARENTS, STAFF, AND OTHER INTERESTED STAKEHOLDERS WHEN COMPILING OUR PRESENT BUDGET AS WELL AS OUR FUTURE BUDGET WE BELIEVE

WE SHOULD DEVELOP ANNUALLY A 5 YEAR BUSINESS PLAN TO FORECAST FOR FUTURE PROJECTIONS

WE BELIEVE WCS EMPLOY SOUND FISCAL PRACTICES, SUCH AS AN APPROVED PURCHASING SYSTEM, INVENTORY CONTROLS, AND AN ANNUAL AUDIT

WE BELIEVE FISCAL CONTROLS NEED TO BE IN PLACE TO IMPLEMENT IN-HOUSE FINANCIAL TRACKING

WE BELIEVE IN A SEPARATION OF DUTIES WITH A CHECK AND BALANCE SYSTEM TO ENSURE FISCAL RESPONSIBILITY

WE BELIEVE BUDGET REPORTS BE PROVIDED QUARTERLY TO PROVIDE FINANCIAL INFORMATION TO STAFF AND GOVERNING BOARD MEMBERS.

WE BELIEVE A STRATEGIC RESERVE OF 6% BE HELD IN A CONTINGENCY RESERVE TO BE PROACTIVE TO PREPARE FOR UNKNOWN FUTURE ECONOMIC VARIABLES