April 8, 2016 Finance Officers' Newsletter

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April 8, 2016     

FINANCIAL AND BUSINESS SERVICES

Financial and Business Services is made up of five divisions: School Business Administration,
Financial Services, Safe & Healthy Schools Support, Licensure and Office of
Charter Schools. All divisions report to Philip W. Price, CFO


Cancellation of April 12 Webinar “Finance Information Sharing & Questions”

The Finance Information Sharing & Questions Webinar for Tuesday, April 12 has been canceled.  The webinars will continue on Tuesday, April 19.


Transportation Fuel Pricing:

School Bus

 

Through the end of March, the statewide average price of diesel fuel for this fiscal year is $1.43 per gallon.  When compared to last year’s actual fuel price of $2.33, this shows a difference of $0.90 per gallon.  Recall that when using the budget rating simulator, the fuel price differential must be entered on the “Operations Tab” to account for this difference.  You should enter “-0.90” to get a better estimate of the budget rating for this year. The simulator can be downloaded at www.ncbussafety.org.  If you have question please contact Derek.Graham.


NOTE date change for Webinars
Benefits of North Carolina E-Procurement for LEAs


We have recently been in conversations with the State’s E-Procurement team in the Department of Administration. They are excited as to how E-Procurement can help local education agencies and charter schools save significant amounts of money that can be used to address many needed projects in your schools.

 

We would like to share with you the benefits of leveraging the State’s NC E-Procurement for your purchases.  Given the context and constraints surrounding public school budgets, savings and efficiencies from resources like NC E-Procurement can help our schools support their own spending priorities and best meet the needs of our schools, students, and staff. 

 

To learn more about how your school can benefit from NC E-Procurement please encourage your team, or all your executives to attend NC E-Procurement’s Public School Executive Webinar on Wednesday, May 18th, from 10:00 – 11:30 am or Thursday, May 19th, 2:00 – 3:30 pm. To register for either webinar, please email eptraining@doa.nc.gov.

 

These webinars will be a convenient way for North Carolina LEAs to learn more about NC E-Procurement and how to take full advantage of its benefits without traveling.  They have created two sessions to ensure that finance officers and executives can address their priorities relating to NC E-Procurement; however, both sessions are open to anyone from an LEA who is interested.

 

Overview information on NC E-Procurement is listed below.  For additional questions or support regarding the use of NC E-Procurement in LEAs, please call Nick Kopcho from the Department of Administration Division of Purchase and Contract at (919) 807-5422 or Scarlett Swain from NC E-Procurement at (919) 899-6168.Click to edit this placeholder text.


Workers’ Compensation Lost Time Claims: 

A reminder that DPI has initiated a new process when filing a workers' compensation lost time claim. Use the following process. 

 

(1) Complete the Form 22 based on days worked and earnings of injured employee 52 weeks prior to date of injury.

(2) Include all remuneration paid to employee during the 52 weeks prior to injury.

(3) Provide completed Form 22 to Sedgwick and include the injured employee's payroll information.

(4) Provide to Sedgwick how split funding was calculated. 

When a Form 22 is completed this information must be submitted to your Sedgwick adjuster for all lost time claims. 

 

If you have questions please contact Eileen Townsend.