Quarterly Business & Operations Networking Cohort

Thank you to everyone who joined our May 21 Business & Operations Networking webinar focused on preparing for a successful audit. As schools close out the fiscal year, this session provided a practical refresher on audit readiness, common findings, and accounting updates impacting Colorado charter schools.

A special thank you to our guest speakers: Chris Banta and Jessie Seibert from Hoelting & Company, Inc., for sharing practical guidance and best practices to help schools navigate the audit process with confidence.

Key Takeaways
- Audit readiness starts early. Strong reconciliations, organized documentation, and consistent review processes throughout the year make audit season significantly smoother.
- Cash affects everything. Accurate and timely cash reconciliations are foundational and impact many other areas of the audit
- Fund balance classifications are important. The session included a helpful review of restricted, committed, assigned, non-spendable, and unrestricted fund balances - an area where auditors frequently identify errors
- Common audit findings are often process-related. Segregation of duties, P-card documentation, grant tracking, journal entry support, and reconciliation review procedures remain key focus areas
- GASB updates are coming. The presenters also reviewed upcoming GASB reporting changes, including GASB 103, 104, and 105, and what schools should expect over the next several fiscal years

Meeting Resources
Slides: Both slide decks are posted in the Documents tab

Recording: View Recording
Passcode: MB+0gPBP

Additional Resource
League Town Hall - May 15, 2026
If you missed last week’s League Town Hall, the recording and materials provide a helpful recap of the 2026 legislative session, school funding updates, and current state budget outlook. The session also covered recent advocacy wins, including additional charter funding, transparency in bond funding, and regulatory relief efforts.

Next Up
June 9, 2026 – Operations & Finance Cohort Year End Wrap-Up

Thank you again for the work you are doing as the fiscal year comes to a close and planning for next year continues. Please don’t hesitate to reach out if you have questions.

Created: May 22, 2026 02:05:11 PM