Finance

The Business Manager Academy is designed to ensure new Business Managers, or similar role personnel, within school systems thrive and are successful in their new position.

Their commitment to participate is crucial as they learn the multi-faceted dynamics involved in running an effective and efficient Business Office. This is a critical role within the school system as it serves as the lead Financial Officer for Superintendents and School Boards. The Business Manager Academy provides eight hands-on six-hour workshop sessions for the school system’s Business Manager as follows:

Session I: School Finance 101 -

Focused on learning the Business Office overall function including general accounting, budgeting, PEIMS, Human Resources, Purchasing, Payroll, Annual Financial Audit.

Session II: Human Resources 101 -

Focused on staffing needs, staffing formulas and staffing compensation.

Session III: Budget Planning 101 -

Focused on planning the next year’s annual budget, revenue projections, pupil projections, SOF Template and PEIMS.

Session IV: Payroll 101 -

Focused on learning the legal requirements as per FLSA, compliance,
TRS, Federal reporting.

Session V: Procurement 101 -

Focused on learning the legal requirements, compliance, required disclosures, best practices, construction and contract management.

Session VI: Office Operations -

Focused on learning board agendas, PFIA, bank reconciliation, tax revenue tax payments, activity funds, grants management, accounts payable/receivable, cash management and annual financial audit.

Session VII: Financing Instruments, Bonds -

Focused on learning financing options, such as bonds, maintenance tax notes, elections, refunding, IFA, EDA, debt service tax collections and more.

Session VIII: Child Nutrition Program -

Focused on learning the Child Nutrition Program at your districts, various operation programs, claim rates, compliance, navigating TDA review: procurement, administrative and financial applications.

The FAC is a forum for sharing information and providing guidance in the area of school finance. Chaired by the Region One Deputy Director, the Council is comprised of heads of finance of all Region One area school systems. The council meets regularly to discuss pertinent agenda items related to the improvement of business and finance operations. Subject matter experts are brought in for the professional development of the Finance Advisory Council members. Networking and sharing of best practices is accommodated through the meetings.

The Center has partnered with Moak Casey & Associates for financial consulting services and monthly updates on legislative school finance issues.

Benefits include Annual Investment Officer Training for compliance with Public Funds Investment Act; GASB pronouncement trainings; GASB 68 and 75 Audit template; TEA Updates from the Offices of State Funding, Grant Compliance and Administration, and Federal Fiscal Monitoring Division; District/ Charter Specific Budgeting Tools Resource; District/ Charter surveys, district/charter schools FIRST Ratings Resources; hosted TASBO certification trainings and workshops; secured website to access resources; assistance, among other benefits.

(Additional fees TASBO and CPA continuing education, technical may apply by the training provider.)

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