Our Services: Services to Charter Schools
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Outsourced Accounting Services // Consulting & Advisory Services

"Our last audit went great. The auditor was very complimentary about our readiness, which wouldn't have happened without FMA's help. So we're all very happy."

Bruce Alleborn
Director of Finance and Administration,
Harlem Day Charter School
FMA is a leading provider of fiscal management services to New York City charter schools. We have supported school leaders through a training and audit support program in partnership with the New York City Center for Charter School Excellence, as well as through our ongoing work with many individual schools. We can help your school build its fiscal infrastructure, manage its ongoing accounting and reporting responsibilities, and prepare for external and state audits. FMA's services to charter schools include the following:

>>Development of Fiscal Management Systems, including:
  • Organization-wide budget, as well as supporting program-level budgets
  • Cost allocation plans
  • Cash flow analysis
  • Chart of Accounts
  • Templates for monthly and quarterly financial reports, including budget-to-actual comparisons
  • Identifying providers and consultants to assist with other critical systems, including payroll processing, employee benefits packages, and other human resource needs
Until the New York State (NYS) Supreme Court shut them down, the NYS Office of the State Comptroller completed audits of fourteen charter schools in New York City.

FMA reviewed the final audit reports for the fourteen schools and developed a summary of the findings. The results of FMA’s review can be found here.
>>Implementation of financial reporting software systems, including assistance with:
  • Purchase orders
  • Client billing (e.g. billing for meal / lunch programs)
  • Donor tracking / fundraising module configuration
  • Staff training on system usage and report customization
>>Development of a Customized Fiscal Policies and Procedures Manual

>>Outsourced Accounting and Fiscal Management Services, including:
  • Processing and recording vendor payments
  • Recording donations and other receipts
  • Recording payroll expenses
  • Reconciling bank accounts
  • Preparing financial report packages
  • Managing the financial reporting and vouchering process for grants and contracts
>>Audit Preparation Support

For more information, please contact Terence Cook



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