Charter Schools Fiscal Oversight Manager (2024)

We are LAUSD. We are at the forefront of innovation in public education, focused on a clear and inspiring vision of the future for all of our students as they venture forward on their journey as lifelong learners. Here, you will have the opportunity to exercise your potential in a role supporting the business of education. Our work directly contributes toward the goal of ensuring that our students graduate ready for the world – ready to thrive in college, career and life. LAUSD is the second largest school district in the nation with an enrollment of nearly 575,000 students. We serve an area totaling 710 square miles, with over 1,190 schools and educational centers, and we employ over 74,000 individuals, making us one of the largest employers in our city.

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Insurance: Paid premiums for your choice of several medical, dental, vision, and life insurance plans.

Retirement: Membership in the California Public Employee Retirement System (CalPERS).

Vacation: 24 days each year

Paid Holidays: Up to 13 days.

A Charter School Fiscal Oversight Manager plans, coordinates, and conducts financial monitoring for fiscally independent charter schools authorized by the District to ensure financial solvency and compliance with the charter schools’ governing board-adopted fiscal policies and procedures and federal, state, and District regulations and requirements. Additional duties include:

• Reviewing annual independent audit reports for fiscally independent charter schools authorized by the District and identifingkey areas of interest in oversight responsibilities.
• Conducting mandatory oversight visits to each individually assigned independent charter school annually and as needed.
• Reviewing new and renewal charter petitions and material revision requests.
• Conducting the Community Impact Analysis, including the enrollment trend analysis and fiscal impact analysis, as applicable and required by charter laws and regulations, and District policy.
• Reviewing fiscal policies and procedures established and approved by charter schools’ governing boards and tests for compliance.
• Analyzing charter schools’ budgets, cashflow projections, financial Local Control Accountability Plans (LCAPS), and a variety of financial transactions such as check disbursem*nts, bank and credit card transactions, cash transactions, check registers, invoices, and bank reconciliation statements to identify potential issues.
• Supervising and participates in the analysis of charter schools’ interim financial reports and performingvariance and analytical reviews.
• Conducting segregation of duties interviews of school leaders, staff, and others responsible for the financial administration of the school and/or the charter management organization to evaluate internal controls and procedures, and management of public funds.
• Attending charter schools’ board meetings on an annual and as-needed basis.
• Issuing notices as part of the charter authorizer’s tiered-intervention process and performingfollow-up reviews as necessary to assure corrective actions have been implemented.
• Coordinating and preparingthe Local Control Funding Formula revenue calculation tools used in reviewing charter schools’ budgets.
• Planing, coordinating, analyzing, and supervising activities concerning Charter Schools Division’s budget, enrollment projections, oversight revenue estimates, and financial activities, including expenditure forecasting, budget control, and position control.
• Developing, recommending, and participating in the implementation of changes in Charter Schools Division policies, procedures, reporting, and budget.
• Preparing a variety of reports that include facts, findings, conclusions, and recommendations.
• Performingrelated duties as assigned.
  

Please Note: This is not an exhaustive list of the responsibilities of this position. For a comprehensive list of duties performed, please refer to the class description via our website: https://bit.ly/3WHOFIm

The ideal candidate for Charter School Fiscal Oversight Manager will have:

• The ability to review and interpret independent audited financial statements (Statement of Financial Position, Statement of Financial Activities, Statement of Cash Flows), the notes to the financial statements, and other reports required by Government Auditing Standards.
• Demonstrated experience and advanced analytical skills in any of the areas of: 1) Fiscal policies and procedures for nonprofit or private organizations; 2) Generally Accepted Accounting Principles (GAAP); and 3) Technical/ best practice guidance, such as the California Charter School Accounting and Best Practices Manual from the Fiscal Crisis & Management Assistance Team (FCMAT).
• Demonstrated experience in understanding sound business practices, proper internal controls and compliance, and/or detecting potential fraud, misappropriation of public funds, or fiscal mismanagement.
• Demonstrated experience with reviewing and assessing financial conditions and fiscal health of nonprofit or private organizations.
• Ability to learn and apply legal, regulatory, and technical guidelines applicable for nonprofit or private organizations.
• Demonstrated experience with face-to-face intercommunication with members of the public, school or organizational leaders, accountants and finance team members, and/or other third parties representing or acting in an official capacity on behalf of nonprofit or private organizations.
• Demonstrated proficiency in composing and presenting effectively written and oral reports and correspondence dealing with complex fiscal, compliance, business, and/or regulatory issues for use by various stakeholders, including, but not limited to, governing boards, leadership, staff members, or other public agencies (e.g., CDE, LACOE, etc.)