How the Pieces Fit
By Tera A Wagner, CSBO
Dir./Finance
CHSD 230
Why do the details matter? How accounting practices performed today affect the end of year reporting. Business departments within school districts are facing an increasing array of responsibilities, from handling financial transactions and budget planning to overseeing procurement and compliance with various regulations. With the rise of reporting requirements and accountability measures, this department is tasked with an ever-growing workload. Despite the growing demands, it is essential that proper procedures and internal controls are in place to prevent fraud and ensure the financial health of the school district. Therefore, having well-trained, efficient staff and implementing strong internal controls are critical to the success of this department. This includes your annual audit, grant reporting and year-end closing. Do you know if your staff are familiar with and utilize the resources available to them for your district to maintain compliance with the Illinois State Board of Education (ISBE)?