Property purchased or leased with funds received by a charter holder is considered to be public property for all purposes under state law. It is property of Texas held in trust by the charter holder for the benefit of the students of the open-enrollment charter school, and may be used only for a purpose for which a school district may use school district property.
As a public entity, Charter Schools are required to maintain an active inventory on all assets purchased. This session will focus on identifying what must be inventoried (as set by your charter’s asset level), and what other items may be considered for inventory. It will provide inventory management tools and for the full life cycle of inventory from acquisition, maintenance and disposition.
All CSBOC Courses will meet the TEA, CPA and TASBO annual training requirements. This course will earn:
CSBOC Webinar: $90
|Mowbray, Karen Supply Management|
Karen founded Charter School Success to help other business offices with the “How to be Successful in a Texas Charter School Business Office". Karen assists with how to maximize funding to support the academics and student needs through effective, efficient and compliant Charter School Business Offices. Charter School Success offers charter school consulting, training and back office accounting services.
Charter School Success began after Karen worked 8 years with Mosbacher Odyssey Academy in Galveston, TX. In those years, Odyssey faced many of the Texas Charter School challenges of money, facility and creating from scratch the “How To Book” on Texas Charter School Business Office. Under Karen’s direction, Odyssey Academy went from owing TEA and the IRS over $250,000 and a negative fund balance to a transformed school with a positive fund balance of $3.5 million. Odyssey was able to obtain a BBB- rating and completed a multi-million dollar bond issue, upgrading from a rented church school facility to an owned, newly renovated 73,000 sq. ft. facility.
Karen loves using her knowledge gained while working in the charter school industry and combining it with her 20+ years experience in corporate consulting to provide charter schools with the tools to become SUCCESSFUL!