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Development, business and management services
ExED aims to create efficiencies for charter schools that result in more money reaching the classroom and, ultimately, the students. Our clients never pay more than 5% of their public revenues for our services, including payroll and employee benefit processing, accounting, fiscal reporting and audit preparation.
Take a look at the development, business and management services we offer.
Creating Charter Schools
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- Consult with charter school developers, community-based organizations and educators on starting a charter school or converting an existing school to charter status
- Assist in crafting selected pieces of the charter petition to the sponsoring school district
- Create financial plans for charter schools based on potential revenue and expenses
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Construction, Financing and Related Development Issues
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- Identify experienced development team members (architects, engineers, etc.)
- Package financing for site purchasing or leasing
- Negotiate a variety of issues with the school district
- Establish infrastructure, including MIS, accounting and attendance record keeping
- Prepare grant proposals for state facility financing
Read more about ExED's Facility Financing. |
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National Consulting Services
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- Internal controls assessment
- Sound recommendations to improve operations
- Real tools such as purchase order and inventory procedures, sample fiscal policies and financial report structures
- Expert assessment of organization’s financial condition
- Review of finance department (or staff) capacity and comparison to similar schools
- Assistance with fraud prevention and fraud investigation
- MIP accounting software implementation and training
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Infrastructure Set-Up
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- Establish general ledger and accounting payroll systems
- Prepare Child Nutrition Application for submission to the State
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Accounting/Finance
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- Prepare annual budget and cash flow projections
- Build multi-year budget projections based on the adopted Annual Budget
- Manage all Accounts Payable and Accounts Receivable
- Perform monthly, quarterly and annual reconciliation and prepare financial statements
- Review budget vs. actual financial statements to identify large and/or unusual items and recommend cost saving measures where appropriate
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Human Resources
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- Provide sample employee handbooks and contracts
- Administer health benefits, TSAs and retirement pensions
- Process payroll and payroll tax payments
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Funding/Reporting
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- Manage all attendance reporting and complete categorical funding applications
- Complete and submit financial and compliance reports to the state
- Monitor receipt of funding programs
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Technical Assistance
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- Technical assistance is provided in all areas including budgeting, purchasing, AP policies and procedures, compliance monitoring and vendor recommendations
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