Section 5-E912. REPORTING REQUIREMENTS

 

912.1Each applicant to establish a public charter school/interim Trustees shall, prior to approval, provide the names, a resume, and a police clearance for each person who will have any responsibility for management of the school’s funds. Should there be a proposed change in fiscal responsibility, the Trustees shall submit to the Board the names, background clearance, resume, and specific function of identified persons.

 

912.2Prior to final approval of the public charter school, the Trustees shall submit, for Board review, a detailed financial management plan that includes, but may not be limited to, the following:

 

(a)Name, resume, and background clearance for the person responsible for day-to- day fiscal management;

 

(b)Procedures, roles and responsibilities for financial management from the point at which funds are received, to deposits and approval of expenditures, and signatories on bank accounts;

 

(c)Names, positions, and specific functions of all persons who will have any involvement in fiscal matters of the school;

 

(d)Accountability process for tracking and ensuring checks and balances;and

 

(e)Provision for cash management controls, regular financial reviews, and annual audits.

 

source

Final Rulemaking published at 48 DCR 1694, 1699 (February 23, 2001).