FINANCIAL MANAGEMENT STRUCTURE
The School maintains accountable financial governance supported by GAAP-compliant accounting systems and internal controls.
Accounting Standards
- Generally Accepted Accounting Principles (GAAP)
- State voucher regulations
- Annual independent audits
Accounting System
All financial activity is recorded in approved accounting software (e.g., QuickBooks Online), including:
- Income and expenses
- Tuition and voucher revenue
- Payroll
- Bank reconciliations
- Financial reporting
Access is restricted to authorized personnel.
Internal Controls
- Segregation of duties
- Dual approvals for large expenditures
- Mandatory receipts
- Monthly reconciliations
- Secure record storage
Violations result in corrective or disciplinary action.