The Finance Department aims to develop and maintain financial policies, promote and model good stewardship in financial matters, and prepare accurate financial reports using best practices and compliance with generally accepted accounting procedures and applicable legal regulations.
The School Division is a member of The Association of School Business Officials International (ASBO) in order to access a global network of school business leaders with premium tools to promote the effective use of educational resources and best practices in school business management.
The Finance department is responsible for guiding the School Division through the budget cycle. The budget cycle is a five-step process to provide every child in the School Division with the best possible educational opportunities while optimizing the use of available resources. The budget cycle includes planning, preparation, adoption, implementation, and evaluation.
Accounting and Financial Reporting
The Finance Department is responsible for the design, implementation, and maintenance of policies, procedures, and internal controls over financial reporting of the School Division's two accounting systems (one for the division and a separate one for the schools). The Finance Department provides training and other resources for employees so they can perform their duties while being fiscally prudent with the tax-payer dollars. In addition, the Finance Department reviews and approves journal and budget entries; ensures proper account coding of transactions; and prepares monthly and annual reports for the School Board and other agencies.
The County of Roanoke's Finance Department performs the accounts payable functions on behalf of the School Division for division-level payments. School Bookkeepers process invoices and payments for the Activity funds.
The County of Roanoke's Purchasing Division performs the purchasing functions on behalf of the School Division, with the exception of construction. Todd Kageals, Director of Facilities and Operations performs the purchasing function for School Construction.
The County of Roanoke's Finance Department performs the payroll functions on behalf of the School Division.
The Finance Department acquires and manages insurance and risk management activities (excluding school safety) for the School Division. Employees injured on the job should call Company Nurse as soon as possible to report the injury and, if needed, obtain the name of a panel doctor for medical treatment. The number and code are on the back of the employee badge. Please email Finance if you have any questions about workers' compensation, property damage, student accidents, or need a certificate of insurance.