Financial Services
Region 7 ESC provides a plethora of financial services on an annual, as-needed, or emergency assistance basis. Giving small districts better separation of duties and an extra layer of internal controls as frequently requested by auditors. LEAs needing assistance with hands-on financial processes can choose any or all services.
Services include:
-
- Business Mentor Program
- Business Administrator Network
- Payroll Services
- Bank Reconciliation Services
- Quarterly and Annual Reporting
- Monthly Financial Oversight
- Accounts Payable Processing
- Next Year Budget and Finance EOY Close
- "The TEMPLATE"
Business Mentor Program
- Perform monthly on-site visits
- Support Business Administrator in areas of need
- Support new Business Administrator in learning how to successfully manage time, priorities, and resources
- Support via phone, email, and remote access
- Provide a members-only website
- Provide checklist(s) for guidance
- Include "The TEMPLATE" services
Business Administrator Network - Sessions led by Moak Casey
The Moak Casey team is comprised of strong professionals with deep experience within Texas school districts, the Texas Legislature, Texas state agencies, and education organizations.
- 5 Critical Issue Sessions led by Moak Casey
- Zoom Hot Topic Sessions
- Regional Networking
Payroll Services
Region 7 ESC's qualified staff offers annual, as-needed, or emergency payroll services. Services can include any or all of the following:
Payroll preparation and process
-
-
- Assistance with or entering employee time in the BIS
- Processing payroll run(s)
- Generation of required reports
- Generation and submission of TEAMS/TRS required reporting
-
941 Quarterly Reports and W-2's
-
-
- Prepare and balance reports monthly
- Digital file created in ASCENDER
- File submitted to IRS
- Deliver W-2's to employees via Employee Portal
-
TRS Reporting
-
-
- Prepare and submit TRS and TRS payments using TRAQS and TexNet
- Run August accruals and TRS On-Behalf calculation.
-
Bank Reconciliations
Region 7 ESC offers bank reconciliation services to LEAs for a monthly fee. Bank reconciliation services assist LEAs with timely, accurate internal controls. Services are available on a short or long-term basis and include:
- An initial look at status/clean-up
(if clean-up exceeds the monthly rate, additional hours will be charged at a per-hour rate)
- Initial look-back period of two months (unless going back and completing an entire year)
- District contact will approve the initial opening entry (per audit)
- Reconciliation is performed using an EXCEL spreadsheet and your BIS system
- Documentation is sent to the district securely through a secure Cloud service
- Region 7 will prepare and submit entries for LEA as needed
- Enter adjustments and journal entries monthly into the LEA's Business Information System (BIS)
Accounts Payable Processing
- Purchasing Module Setup
- Add and/or update Vendors
- Post payments and reconcile purchase orders
- Post and print vendor checks
- Review budget versus actual expenditures monthly
- Create a 1099 work table with the district's input
- Categorize and ensure all vendors are captured
- Prepare annual Form 1099s and submit them to IRS using the FIRE system
- District submits to vendors
NY Budget and Finance EOY Close (ASCENDER LEAs Only)
Region 7 ECS's experienced Staff will
- Complete NY Budget process checklist
- Reinitialize the system to prepare for Budget Data Entry
- Provide documentation of prerequisites to assist with the EOY close - These steps must be completed by the LEA and an Authorized LEA staff member sign and date the document at completion.
- Complete Finance EOY checklist - Checklist must be completed using the "Increment option" on all funds except ESSER (ESSER funds must Continue with FY 1).
- Each LEA will have the option to have the "Continuing Funds" JV deleted
Monthly Financial Oversight
Region 7 ESC's experienced staff will review a set of reports to assist with end of month close and balance process. Includes four (4) on-site visits and "The TEMPLATE"
- Review chart of accounts for coding errors
- Help to define sub-objects
- Help streamline account codes
- Review General Ledger for over-expenditures
- Assistance with state funding questions
- Assistance with budget preparation and analysis
- Template preparation (every 6 weeks)
- State Allotment monitoring
- Reconcile/Balance TRS and 941 Reports
"The TEMPLATE"
Eight (8) education sessions covering
- School Finance 101 course to cover
- TNT/LPVS
- SOF
- PVS
- Other Hot Topics related to school finance
- Hands-on Template building and timely review
"The TEMPLATE" Workshop Sessions
Pricing for Region 7 Financial Services may be found in eAgreements.