Chapter B – Business Operations
Part 1.0 Financial Oversight
Section 1.1 Financial Oversight
The Executive Director, CFO and Director of Operations are authorized by the Utah Charter Academies Board (“UCA” or “Board”) to execute all legal transactions for the school and to make all purchases necessary to operate the school including rental, real estate and construction, equipment, furniture and fixtures, travel (including meals/stipends), consulting services, supplies, freight, independent contractors, insurance, dues, accounting & legal, petty cash reimbursement, service contracts, subscriptions utilities and other expenses, asset acquisitions and contracts as necessary, with limitations outlined herein. All legal and financial transactions shall be reported to the Board monthly in a public meeting. The board shall appoint an audit committee that will be comprised of 1 or 2 members of the board and the business manager of the schools.
See Related Policy: B-1.9 Cash Disbursements