The Fiscal indicators are used to assess a school district’s performance and capacity in the area of finance. Districts will be assessed in the areas of finance for which the district board of education has direct oversight, including:

• Produce financial reports monthly;
• Maintain and update the standard operating procedures manual for business functions;
• File an annual Annual Comprehensive Financial Report (ACFR) audit and other supporting forms and collections;
• Satisfy the elements of the annual audit;
• Manage and oversee entitlement and discretionary grants, as required;
• Properly oversee the accounting for capital projects in Fund 30;
• Implement, review and revise projects to ensure consistency with the approved long‐range facilities plan;
• Secure county office approval for emergent projects;
• Conduct annual health and safety reviews according to regulations;
• Create and follow a budget calendar;
• Employ a buildings and grounds supervisor who possesses a valid NJDOE authorization to serve as a certified educational facilities manager;
• Transfer funds during the budget year in accordance with statute and budgetary control provisions;
• Prepare and analyze fiscal‐year cash flow management for all funds;
• Submit reimbursement requests for federal grant awards for the actual amount of incurred expenditures; and,
• Approve only purchase orders permitted by the purchasing agent.
• Fiscal PowerPoint
  • Fiscal Indicator 5d: Sample of Time and Activity Report