#5: Board member budgets, financial and oversight responsibility for California Charter School Board Members with CSDC Finance Specialist Joyce Montgomery

One of the two most important responsibilities of charter school board members is effective fiscal oversight (the other is monitoring student achievement). Tune in to this episode of Boarding Pass to hear veteran charter leader Joyce Montgomery as she shares tips for effective oversight and outlines a board member’s financial oversight obligations.   

Show notes:  

For the free powerpoint deck covering the topics discussed in this podcast, go to chartercenter.org/boardingpass.

CSDC Members Only: Budget Basics Explained 2024

Join CSDC today for direct access to California's most experienced charter school specialists, who provide personalized technical assistance, extensive resources, and expert guidance on everything from governance to operations. Members save thousands on professional development while gaining password-protected access to essential tools, templates, and exclusive training programs that help their entire leadership team navigate the complexities of charter school management.

Takeaways:

• Building and maintaining a high-quality charter school is challenging.
• Diverse skill sets on a board enhance its effectiveness.
• Financial reports should be presented in various formats for better understanding.
• Budgets must align with the school's mission and vision.
• Board members are responsible for approving and understanding financial reports.
• Attendance and enrollment directly impact funding for charter schools.
• Financial mismanagement can threaten a school's operation.
• Board members have a solemn responsibility for accountability and outcomes.
• Investing in training for board members is crucial for success.
• Support and resources are available for board members seeking guidance.

Keywords: charter schools, governance, finance, budgeting, board members, education, accountability, oversight, training, California