The Accounting Department handles all accounts payable, accounts receivable and financial statements for the Syracuse City School District.
Accounts payable encompasses anything, other than employee payroll, that is related to district finances. This would include any contracts the district has with outside vendors that provide services. Accounts receivable is responsible for billing any outside agency for services provided by the district.
The accounting office also produces a district financial statement, monthly, which is presented at the Operations Committee work session. At year’s end, the District has an external audit where an outside firm checks the District’s finances and how they have been handled throughout the year. Information from this report is consolidated and put into an annual financial statement. The information contained in that report is then filed with the State and presented to various stakeholders in the District.
A separate audit is done for all extracurricular activities in the District and a separate financial statement is issued for these funds.