Bonadio’s school district experts provide training to schools statewide each year. You may want to consider if your students are missing an enrichment opportunity.
Each year, as the audit season for public schools winds down, many business offices face the dilemma of how to improve the internal control environment for their extra classroom activity funds. Though they believe that everything has been done to ensure strong controls within their offices, the audit report may often cite findings in the extra classroom activity funds—an area that is not even within their purview. Some have even taken steps to operate the funds themselves in an effort to mitigate these findings.

Have we lost focus on the purpose of these activities?

The Regulations of the Commissioner of Education formulated policies intended not only to safeguard the funds of the organization but also to provide schools with the opportunity to teach students good business procedures. Through participation in handling funds and operating a successful business, students can learn valuable lessons in business finance and organization governance. Simply said, it is a great business incubator for young minds with the added benefit of providing fun activities. For many students, this may be the only business training they will receive in school. Why not make it an enrichment activity where students have an opportunity to learn under mentors from the world of public accountancy?

Take a fresh look at training programs.

Annual trainings have long seemed to be the solution for improving the extra classroom activities. Typically, this training often focuses more on the central treasurer and faculty advisors than the students. While we have seen improvement in extra classroom activities where an initial training is done early in the school year, we believe that a more comprehensive year round program of training and mentoring that includes central treasurers and faculty advisors but is more focused on the student would be beneficial. This holistic approach would not only improve compliance with these fund activities, it would also provide an experience for the student that may better prepare them for the business world.

If you’re interested in implementing this new program, please contact Timothy Doyle. 

This material has been prepared for general, informational purposes only and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. Should you require any such advice, please contact us directly. The information contained herein does not create, and your review or use of the information does not constitute, an accountant-client relationship.

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