Family & Community Alternative Learning
Charter Schools

State Auditor's Report
On Establishing Standardized Accounting and Reporting Methods
for Massachusetts Charter Schools

Appendix A - Recommended Chart of Accounts

Assets:

Cash - Operating Funds
Cash - Operating Funds Restricted
Cash - Fundraising
Cash - Grants
Cash - Student Activities
Revenue Receivable
Grants Receivable
Prepaid Expenses
Inventories and Other Assets
Investments
Buildings (original cost)
Buildings (depreciation)
Land (original cost)
Equipment Capital
Equipment Capital (original cost)
Equipment Capital (depreciation)
Other Assets (specify)

Liabilities:

Accounts Payable
Accrued Expenses
Deferred Revenue - Grants
Deferred Revenue - Student Activities
Notes Payable - Long-Term Portion
Long-Term Portion - Term Debt
Other Liabilities (specify)

Revenues:

State Sources
Per-Pupil Revenue
Supplemental Aid
Other State Revenue (specify)
Local Sources
Per-Pupil Revenue
Supplemental Aid
Other Local Revenue (specify)
Federal Sources
Student Entitlements (title reimbursements)
Other Federal Sources (specify)
Federal Sources: Through the State of Massachusetts
Federal Sources: Other Agencies (specify)

Other Revenue Sources

Management Fees
Loans
Prior Year Unexpended Encumbrances (carry forward)
Transportation Fees
Earnings on Investments
Rental of School Facilities
Non-Revenue Receipts
School Lunch Receipts
Athletic Receipts
Private Gifts, Grants, and Contracts
Fundraising
Sales and Services for Educational Activities
Other Revenues (specify)
State Grants
ESE-Administered Grants
State Grants (specify)
Federal Grants
Direct Federal Grants
Local Grants
Local Grants and Contracts

Expenses:

Salaries and Wages
Payroll Taxes
Payroll Service
Fringe Benefits:

1. Insurance - Health
2. Retirement
3. Other - Specify

1. Postage and Shipping
2. Printing

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