Standard 9: Finance and Business Operations

9.1 The financial resources of the school are capable of sustaining a sound educational program consistent with its stated philosophy and goals.

9.2 Fiscal management of the school is consistent with its stated philosophy and goals.

9.3 The instructional staff participates in the development of the annual instructional budget.

9.4 The instructional staff is informed of the instructional budget to support his/her educational programs.

9.5 Efficient procedures for the requisitioning of materials and equipment are maintained and exercised.

9.6 Records of all funds collected and disbursed in connection with any part of the school’s program are kept in an accurate and systematic form.

9.7 Funds collected are properly safeguarded.

9.8 Adequate funds have been appropriated to support the Student Activity program.

9.9 The governing board and the administration exercise control over all financial operations. An appropriate system of checks and balances is in place to ensure integrity in the collection and disbursement of all school funds.

9.10 Records of all funds collected and disbursed are audited at appropriate intervals in accordance with local and state requirements.