Charter schools aren’t funded the same as public schools, but are publically funded and privately managed. As independently-operated public schools, charter schools have the freedom to design a curriculum specific to the scholar’s needs. Paradigm Schools have to consider all factors of their curriculum’s business plan including financial policies, procedures, and documentation before being accepted by the state. Some factors to consider in terms of finance are hiring staff, special education, multi-year forecasts, and plans for every minor detail.
You can read Paradigm’s complete policy and the finance process general guidelines.
The purpose of these guidelines and policies is to inform Paradigm Schools staff members and outside organizations of our financial procedures, regulations, and ongoing processes in avoiding misconduct or fraud.
We implement specific guidelines to ensure the integrity of our financial and accounting information while preventing any actions of fraud and setting a high standard of accountability. Our goals in abiding by these guidelines are through compliance, operations, and financial reports. All staff members are responsible for following these guidelines and will be trained yearly on the process and procedures of school finances. Through specific regulations, our school is able to manage finances with proper safeguards and under state and federal laws.
Records are documented and very closely monitored in avoiding any type of fraud or false money management. This prevents any type of misleading information or documentation from being issued, as financial statements continue to be audited annually by a certified financial representative.
Paradigm Schools use specific software to apply safety measures in controlling unauthorized access to school information systems, as well as password protection and recovery. The school’s assets are protected and not to be used by any employees for personal use.
It is the Board Directors’ responsibility to accurately approve and ensure correct payment and payroll expenses of all employees. Each employee is paid under a 12-month schedule and given clear communication of any pay changes. A supervisor will approve the employee’s submitted hours and salary. All payment will continue to be recorded and paid time off (PTO) will be taken into account including personal, vacation time, sick leave, etc. Benefits, vehicle travel reimbursement, and employee retirement will be included and determined by the Board of Trustees. For more information on independent contractors and outside providers, please refer to our finance policies document.
If you want to learn more about how charter schools are operated in terms of finance and what makes Paradigm Schools so unique, contact us for more information. We will do our best to guide you in better understanding our financial policies, money management, and employee payroll procedures.
*Our financial policies and processes are subject to change at any time. The Board reserves the right to amend or change them at their sole discretion.
I love Paradigm. My children have never been happier, and have found a love of learning that was missing in their previous education!Julia H.
I went to Paradigm all through high school. Best experience ever. Not only did it help me focus on my strengths, but it also prepared me for college with its challenging curriculum that makes you think outside the box. The mentors there care about each of their students individually, and want nothing more than the students’ success.Jennifer L.