Grade Report re School Fiscal Matters, Sample of  7128-77   ZZsch

                                                            - - - Rejoice in the Lord always ... again I say Rejoice !!! - - -

Various Links on this Web Site:   

ABOUT  US   |  OUR PURPOSE   |  TABLE OF CONTENTS   |  SEARCH  MATTERS  |  HELP DETAILS   |  FUND ACCTG VIA COMPUTERS   |  GLOSSARY


                            TO:  Interested Christian Schools                                                                      FROM: Jim Bramer, Retired CPA-Auditor
                                                                                                                                                                 FILE: 7128-77/sch 

                            RE:  Grade Report re School Fiscal Matters,  Sample of                              Originated:   April 2001        


           We suggest that during your annual session with the Auditor that each one in attendance independently fill out the following grade report -- be sure everyone understands the terms used.  The Auditor's poor grades need to be clear to all at this meeting.

   

S U B J E C T

Strong

OK

Weak

Fiscal Overview:

A>

Apparent fiscal stability

______

______

______

B>

Debt management

______

______

______

Board/Governing Matters

C>

Board is properly fulfilling its

responsibilities re finances

______

______

______

D>

Current/articulated & understood

Finance Policies

______

______

_______

E>

A functioning Board non-staff

Treasurer

______

______

______

F>

A properly functioning Board

Finance Committee (FinCom)

______

______

______

G>

School does financial planning 

and projections.

______

______

______

H>

Overall protection of School's

tangible assets-Insurance Issues.

______

______

______

Reporting and Management

I>

Acct

Receivable Management

_____

______

______

J>

Adequacy of financial reporting

including actual to budget

reporting system.

______

______

______

K>

Overall management of accounting

system.

______

______

______

L>

Adequacy of restricted funds

accounting and reporting

______

______

______

M>

Adequacy re use of computer

for finances.

_______

_______

______

N>

Attention to cash flow management

_______

_______

_______

Tranx Processing Systems:

O>

Received on Acct - & to Bank

______

______

______

P>

Donation Acctg System

_______

_______

_______

Q>

Purchases/Payables and

Disbursements-signatures

______

______

______

R>

Payroll

______

______

______

S>

Journal Entries

______

______

______

T>

Bank Reconciliation

______

______

______

U>

Fixed Assets Accountability

______

______

______

V>

Restricted Funds

______

______

______

W>

Overall distribution of work functions

to insure adequate financial

controls.

______

______

______

Z>

Other Issues

_________________________

______

______

______

IS THERE A TAX ISSUE?

T O P I C:

NO

IFFY

YES

1

Personalized Giving Concerns.

______

______

______

2

Unrelated Business Income

______

______

______

3

Personal Use of Ministry

Vehicles

______

______

______

4

Exp Reimbursements

______

______

______

5

Employee vs Sub-contractor

______

______

______

6

Staff Insurance and other fringe

benefits

______

______

______

Social Security matters:

7

----- Ministry itself

______

______

______

8

----  Clergy

______

______

______

9

Scholarship Issues

______

______

______

10

State Unemployment

______

______

______

Overall Exempt Status Issues:

11

Federal (IRS)

______

______

______

12

State

______

______

______

Other Taxing Authorities

13

County Exemption

______

______

______

14

Other Tax Issues

_________________________

______

______

______

               Click here for samples of other Ministry Grade Reports


      Please Click Here for a list of more Christian School resources on www.bcidot.org.  The bulk of this Publication originated in April 2001 and was.  UPTD: March 09, 2012  

ABOUT  US   |  OUR PURPOSE   |  TABLE OF CONTENTS   |  SEARCH  MATTERS  |  HELP DETAILS   |  FUND ACCTG VIA COMPUTERS   |  GLOSSARY