FINANCIAL SERVICES (pg

Region 7 ESC provides a plethora of fi nancial services for ASCENDER clients on an annual, as needed, or emergency basis. LEAs needing assistance with hands-on fi nancial processes can choose any or all services.

“It [Business Manager Academy] is always very helpful to me. The content of the classes are pertinent and timely but we also can share tools, tips, and tricks that makes our job more manageable. Hearing from other Business Managers in a safe environment is priceless. I always learn something - and much of the time it is during the

informal time of Q & A.” Emily Littlefi eld (Winnsboro ISD)

SERVICES CURRENTLY PROVIDED INCLUDE:

Customizable Financial Services (CFS)

Unable to fi nd a Business Manager? No separation of duties? Region 7 can fi ll the void with Customized Financial Services including but not limited to: • Bank Reconciliation • Budget Preparation • Monthly Financial Review • Payroll Services • Accounts Payable Processing • Financial Template Preparation

Bank Reconciliations

Region 7 ESC off ers bank reconciliation services to LEAs at a monthly fee. Bank reconciliation services assist LEAs with timely, accurate and internal controls. Services are available on a short- or long-term basis and include: • Initial look at status/clean-up • Reconciliation performed using ASCENDER reports and EXCEL spreadsheet • District contact will approve initial opening entry (per audit) • District contact will approve monthly reconciliation document, adjustments, and outstanding items • District contact will approve adjustments and journal entries entered into the LEAs Business

Information System (BIS) Region 7 ESC’s experienced staff will review a set of reports to assists with the end of month close and balance process which includes: • Verifying IRS, TRS, and payroll liabilities are remitted timely and accurately • Verifying federal grants are drawn timely and accurately • State Allotment monitoring • Budget Status monitoring

Payroll Services

Region 7 ESCs qualifi ed staff off ers annual, as needed, or emergency payroll services. Services can include any or all of the following:

Payroll preparation and process

• System processing of payroll run(s) • Generation and submission of TEAMS/TRS required reporting • Accrual help

1099’s - one time charge

• Help create 1099 table • Categorize and ensure all vendors captured • Create 1099 report/fi le for District to submit

941 Quarterly Reports - one time charge

• Prepare and check reports • District submits

W-2’s

• Digital fi le created • District distributes

Barbara Bruhn (903) 988-6728 bbruhn@esc7.net

Program Contacts:

Teresa Richard (903) 988-6752 trichard@esc7.net

Daniela Sanders (903) 988-6993 dsanders@esc7.net