Business Department Overview
The Business department manages and controls all financial functions of all PAEC District 803 departments in accordance with generally accepted principles of government accounting and various Illinois Statutes and Administrative Codes. Major duties highlighted:
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- controlling expenditures and obligations (including operating expenses, debt, payroll)
- receipting and depositing all revenues
- managing all monies
- accounting for all assets and capital project expenditures
- internal and external reporting
The financial activity of all departments is supervised by the Business Manager/Chief School Business Official to ascertain solid internal controls are in place. An audit of financial practices and principles is conducted annually by an outside auditing firm. The Business staff assists in providing the information for the audit.
The Business Department encompasses the following non-instructional services:
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- Finance and Accounting
- Payroll (TRS-IMRF)
- Accounts Receivables
- Purchasing/Accounts Payable
- Budgets and Financial Projections
- Financial Reports
- Bids/RFP/RFQ
- Contracts (Contracts Exceeding $25,000)
- Cash Management & Analytics
- Building & Grounds (Maintenance & Operations)
- Human Resources
- New Personnel paperwork
- Workers Compensation
- FMLA
- Insurance
- Benefits
- Food Services
- Breakfast
- Lunch
- Finance and Accounting