Financial & Accounting Services
Financial information boards can understand—and use.
Sound accounting is essential. Meaningful financial oversight requires more.
Indiana Charters helps public charter schools maintain dependable financial operations while translating accounting data into clear information for school leaders and governing boards.
Day-to-day financial support
- Budget development and recommendations
- Accounts payable and cash-flow coordination
- Grant-fund coordination and monitoring
- Payroll services, tax filings, and direct deposit through ADP
- Check and accounts-payable voucher preparation
- On-site financial support when needed
Accounting and reporting support
Through our accounting partnership with Charles Madden, PC, schools can receive:
- Monthly financial statements
- Monthly bank reconciliations
- Budget-to-actual analysis
- Audit support
- Form 9 preparation and submission
Board Financial Dashboard & Reporting
Traditional financial statements remain important, but they do not always tell a governing board what it most needs to know. Indiana Charters converts detailed accounting information into a concise, decision-ready dashboard that highlights financial condition, operating performance, developing risks, and matters requiring board attention.
Each report includes a plain-language executive summary so board members understand not only the numbers, but what those numbers mean for the school.
Measures may include:
- Cash balance, days cash on hand, and cash runway
- Current ratio and debt-to-asset ratio
- Operating income and operating margin
- Budget and prior-year comparisons
- Key revenue and expense drivers
- Financial risks and board considerations
Learn what an effective board dashboard should communicate →
Illustrative board dashboard using fictional data. Select the image to view the full example.
Included for partner schools
Board financial dashboard reporting is included within the financial-support package provided to Indiana Charters partner schools. Because we already work closely with each school, reporting can reflect its budget, revenue model, financial targets, authorizer expectations, and emerging priorities.
Available as a stand-alone service
Schools outside our partner network may engage Indiana Charters for dashboard setup and ongoing monthly reporting. We begin by reviewing the school's accounting system, available data, reporting practices, and board needs, then provide a clearly defined scope and fixed-fee proposal.
Related insight
Beyond the Financial Statements: Building a Charter School Dashboard That Helps Boards Govern
Learn why balance sheets and budget reports are only the beginning—and what boards need to monitor financial health effectively.