...Polocies ACCOUNTING POLICIES & PROCEDURES FOR THE PHENIX CITY BOARD OF EDUCATION TABLE OF CONTENTS INTRODUCTION 4 ACCOUNTING REGULATIONS FOR SCHOOLS 5 ACCOUNTING POLICIES AND PROCEDURES FOR HANDLING SCHOOL FUNDS 7 LEGAL COMPLIANCE GUIDELINES 9 PUBLIC FUNDS 10 NON-PUBLIC FUNDS 11 PUBLIC AND NON-PUBLIC FUNDING 12 RECEIPTING MONEY 14 DEPOSIT POLICY 15 BANK ACCOUNT 15 ACCEPTANCE OF CHECKS 16 MASTER RECEIPT BOOK 16 TEACHER RECEIPT BOOKS 17 REFUNDS 19 CHILD NUTRITION PROGRAM DAILY DEPOSITS 19 RETURNED CHECKS 20 SCHOOL INCOME 21 STUDENT FEES 22 DONATIONS AND VOLUNTARY CONTRIBUTIONS 23 FUNDRAISERS 24 COMMISSIONS AND VENDING 26 CONCESSIONS 27 ADMISSION/TICKET SALES 29 TRANSFERS 31 BETWEEN ACTIVITIES 32 BETWEEN LOCAL SCHOOL AND ACCOUNTING OFFICE 32 JOURNAL ENTRIES 34 JOURNAL ENTRIES 35 PURCHASES 36 REQUISITIONS AND PURCHASE ORDERS 37 BID LAW 38 EXPENDITURES 39 CHECK PROCEDURES 40 CHECKS ISSUED TO ACCOUNTING OFFICE 40 INVOICES 41 PURCHASING CARD PROGRAM 42 GENERAL GUIDELINES AND PROCEDURES FOR CARD USAGE 43 RECORD KEEPING AND RECONCILIATION 46 MONTH END CLOSE 47 MONTH END CLOSE 48 YEAR END CLOSE 49 CALENDAR YEAR END 50 FISCAL YEAR END 50 FIXED ASSETS 51 OBJECTIVES OF THE FIXED ASSET POLICY 52 DEFINITIONS 52 PROCEDURES 53 PAYROLL 57 EMPLOYEE COMPENSATION 58 SALARY ADMINISTRATION 58 MINIMUM WAGE AND OVERTIME...
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...shared that statement with numerous groups and it simply summarizes my basic philosophy of what Sullivan is all about. When I say that Sullivan is “student success focused,” I feel as President that I owe a definition of this statement to all who are considering Sullivan University. First, Sullivan is unique among institutions of higher education with its innovative, career-first curriculum. You can earn a career diploma or certificate in a year or less and then accept employment while still being able to complete your associate, bachelor’s, master’s or doctoral degree by attending during the day, evenings, weekends, or online. Business and industry do not expand or hire new employees only in May or June each year. Yet most institutions of higher education operate on a nine-month school year with almost everyone graduating in May. We remained focused on your success and education, and continue to offer our students the opportunity to begin classes or to graduate four times a year with our flexible, year-round full-time schedule of classes. If you really want to attend a school where your needs (your real needs) come first, consider Sullivan University. I believe we can help you exceed your expectations. Since words cannot fully describe the atmosphere at Sullivan University, please accept my personal invitation to visit and experience our campus for yourself. Sincerely, Glenn D. Sullivan President MESSAGE FROM THE PRESIDENT 1 Table of Contents Mission Statement . . ...
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