Director of Business and Finance​/CSBO

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Director of Business and Finance/CSBO

PROFESSIONAL TEACHING STANDARDS

Individuals serving in this capacity are expected to adhere to the Illinois Performance Standards for School Leaders.

RESPONSIBILITIES:

To serve as treasurer/chief financial officer and administer the financial affairs of the school system; to serve as custodian of all financial assets; to be responsible for the preparation of the annual budgets; to prepare monthly and annual financial statements for all funds maintained by the school system; to invest all available funds for either short or long term periods in interest-bearing accounts and to determine the amounts of such investments at the best return available;

to be responsible for payrolls and related functions; to be responsible for accounts payable; to audit the accounts of the individual schools and ensure the resolution of any findings noted.

EXAMPLES OF DUTIES

• Supervise the financial affairs of the District, including handling of all funds, accounting, and reporting procedures
• Effectively lead and evaluate the Business Office staff by coordinating and carrying out financial planning for the District, administering and managing the work duties of the business office staff
• Develop and maintain services within the District so that maximum economy and efficiency may be realized to the benefit of the District's educational program
• Ensure the proper accounting of monies apportioned by the federal, state, or local government
• Provide financial recommendations to the Board of Education as directed by the Superintendent
• Complete the annual budget and tax levy
• Monitor and authorize purchases made throughout the District
• Prepare for the annual audit
• Supervise the bidding process to ensure accordance with federal and state laws and regulations
• Provide long-range vision and planning for the Board of Education on financial matters and assist the Board with information on the financial impact of long-term goals/plans
• Act as adviser to the Superintendent on all questions relating to the business and financial affairs of the district
• Confer with Administrators to determine, establish, and maintain the financial data necessary for compliance with grant requirements
• Assist with Freedom of Information Act (FOIA) responses and information
• Coordinate statistical, financial, accounting and/or auditing reports and tables
• Attend all regularly scheduled meetings of the Board and such staff meetings and committees as required by the Superintendent
• Participate in the strategic planning process and directs efforts as assigned
• Ensure the completion and submission of required Illinois State Board of Education reports and grants, transportation claims, and Medicaid cost sheets

• Responsible for the monthly financial reporting of expenditure, revenue, and balance sheets
• Responsible for the management of the District food service program
• Effectively oversee the bookkeeping, payroll, and accounts payable/receivable departments
• Prepare pertinent fiscal and benefit program data and participate in negotiations,
• Work collaboratively with the Director of Buildings and Grounds, and the Construction Manager on current and future capital projects: prepare population projections; develop educational specifications; and analyze amortization of bond issues to adhere to budgetary and timeline requirements
• Perform duties as assigned by the Superintendent or his/her designee

QUALIFICATIONS

• Bachelor's degree in Business, Finance, Accounting, or Management required, Master's preferred
• Chief School Business Official (CSBO) endorsement Preferred
• Experience in a public school system is preferred
• Excellent leadership skills and oral and written communication skills
• High accuracy and attention to detail

Knowledge of:

• School district budgeting, forecasting, and long-range financial planning
• Fund accounting, grants management, and auditing standards
• Revenue sources: state, federal, local funding, and special programs
• Financial reporting requirements (e.g., Annual Financial Report, ISBE filings)
• Illinois School Code and relevant state and federal regulations
• Procurement law, bidding procedures, and contract administration
• Facilities management,…