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When the public thinks of the ÐÓ°É Public School District, they think of our nearly 18,000 students who are offered quality education on a daily basis. However, in order to support the instructional process, a business operation must exist. In addition to educating the second-largest student population in the state, JPS is a huge business with a total budget of $308 million and nearly 3,800 employees. The District ranks fourth in the ÐÓ°É Metro Area in total number of employees. It is the job of the Business Services to administer the receipt and expenditure of all the funding related to the district's operation, which includes the Financial Services functions (Accounts Payable, Employee Benefits, Payroll, and Fiscal Accounting), and the Internal Services functions (Purchasing and Budget).

During the summer months, Business Services is involved in preparing for the upcoming school year and readying records for the annual audit, which is conducted either by the State Auditor's Office or a private accounting firm. Because the District operates on a fiscal cycle that begins July 1 and ends June 30 of the following year, approval of the budget is paramount before expenditures for the forthcoming year can begin. Hence, it is during the summer that the purchasing function is in "full swing", seeing that the needed items are purchased and delivered in time to coincide with the beginning of the school year. As soon as the school year ends, the accounting department begins to finalize the process to ensure that the books for the previous year are satisfactorily closed while looking to the future concerning transactions, which begin July 1 of each year. All areas of the Business Services prepare reports of year-end activity for the Board of Trustees.

Accounts Payable

• Once commodities/goods/services are satisfactorily received in the schools or administrative offices from vendors, signed and dated copies of the same document (Purchase Order/Proof of Delivery–POD) which was used to place the order are then used in the accounts payable process. There are checks and balances inherent in the process to ensure that all vendors are paid accurately and in a timely manner for all commodities, goods, and services provided.
• Travel Request, In-District Mileage, and Travel Reimbursement forms are submitted with valid budget strings, supporting documentation, supervisor signature, and if applicable, the funding division approval signature to the Accounts Payable Department. All travelers are required to submit a Travel Direct Deposit form with a voided check for reimbursement. The JPS Travel Manual is available on the Intranet.

Employee Benefits

The Board offers a Cafeteria Plan to all District personnel, which includes medical coverage, dental plans, and other opportunities. Additionally, employees of the District have the opportunity to choose from twenty-three approved vendors that specialize in tax-sheltered annuities, nine other insurance vendors that offer a variety of coverage with group rates, and other services that can be purchased. For a full description of employee benefits, please see the Benefits page under Human Resources.

Fiscal Accounting

The accounting function incorporates a cash management system of the District's funds to maximize interest earnings. This includes the use of sweep accounts and repurchase agreements to ensure that the taxpayer's dollars earn the maximum interest possible and that they do not remain idle. JPS utilizes computerized, full-service financial and cash management services from one of the two largest financial institutions in the city. Other fiscal responsibilities of the accounting area include the administering of funds for federal projects, lunchroom funds, activity funds in the schools, and all other general funds of the District. Business Services must maintain accurate records in order to reconcile bank statements and prepare financial statements as required by the Board of Trustees, as well as state and federal regulations.

Payroll

All District employees, totaling approximately 4,000, are now paid on a semi-monthly and monthly basis. This includes Limited Service teachers and part-time personnel. As mandated by state statute, all employees are also now paid by direct deposit. These transactions are generated in-house utilizing the District's financial accounting system.