New Jersey Administrative Code
Title 6A - EDUCATION
Chapter 23A - FISCAL ACCOUNTABILITY, EFFICIENCY AND BUDGETING PROCEDURES
Subchapter 22 - FINANCIAL OPERATIONS OF CHARTER SCHOOLS
Section 6A:23A-22.14 - Standard operating procedures (SOPs) for business functions
Universal Citation: NJ Admin Code 6A:23A-22.14
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Each charter school shall establish SOPs for each task or function of the business operations of the charter school.
(b) An SOP manual shall include sections on each routine task or function of the following areas:
1. Accounting, including general ledger,
accounts payable, accounts receivable, payroll, fixed assets, and year-end
procedures for each;
2. Cash
management;
3. Budget development
and administration, including tasks such as authorization of transfers and
overtime;
4. Position
control;
5. Purchasing, including
such tasks as preparation of requisitions, approval of purchase orders and
encumbering of funds, bid and quote requirements; and verification of receipt
of goods and services;
6.
Facilities, including administration of work and health and safety;
7. Security;
8. Emergency preparedness;
9. Risk management;
10. Transportation;
11. Food service;
12. Technology systems; and
13. Information management.
(c) An SOP shall be established that ensures office supplies are ordered in appropriate quantities, maintained in appropriate storage facilities, and monitored to keep track of inventory.
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