ICSB reporting requirements are designed to ensure prudent authorizer oversight without overburdening school leaders. State law requires charter schools and the ICSB to submit a variety of data to the Indiana Department of Education throughout the year. In addition, the ICSB requires the submission of an annual report containing school data and supplemental information that helps to provide a comprehensive picture of overall school performance. Please refer to the ICSB Reporting Summary for guidance regarding ICSB annual and financial reports. Please contact the ICSB at (317) 232-9080 for more information about reporting requirements.
Financial Reporting Documents
The documents below provide guidance on the ICSB's financial reporting requirements as set forth in the charter agreement.
ICSB Financial Reporting Guidelines: provides charter schools authorized by the ICSB with clear guidance regarding all financial reports required by the ICSB, the Indiana Department of Education ("IDOE"), and the State Board of Accounts ("SBOA").
ICSB Annual and Quarterly Report: the financial reporting submission form that schools authorized by the ICSB are required to either use, or model through reports generated by a third-party bookkeeping firm or internal accounting software package.
ICSB Model Audit RFP: a model RFP that schools may use in order to identify an independent auditor or auditing firm in compliance with SBOA requirements.
ICSB Escrow Account Requirements: the ICSB's policy regarding escrow accounts, required under Section 3.7 of the Charter Agreement.